Eurazeo's Eurazeo Planetary Boundaries Fund has acquired a majority stake in SMP Energies to enhance its leadership in the geothermal drilling sector and promote sustainable energy solutions in Europe.

Target Information

Eurazeo, through its Eurazeo Planetary Boundaries Fund (EPBF), has announced the acquisition of a majority stake in SMP Energies. This transaction marks the second investment of EPBF since the initial closing of the fund in March 2025 and highlights its commitment to deploying profitable environmental solutions at scale to mitigate the effects of exceeding planetary boundaries.

SMP Energies is recognized as France's leading geothermal drilling contractor, renowned for its high-level technical expertise and operational excellence with over 60 wells drilled. The company's success is rooted in its ability to provide clients with a comprehensive turnkey drilling solution, managing all aspects of drilling, maintenance, and well abandonment both in France and abroad.

Industry Overview

In 2023, deep geothermal energy production in Europe reached a record level of approximately 8 TWh across the five largest markets, with a strong increase in demand anticipated, supported by a favorable regula

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Eurazeo Planetary Boundaries Fund

invested in

SMP Energies

in 2025

in a Buyout deal

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