Sparring Opportunities has announced an equity investment in MADEnR
Sparring Opportunities partners with MADEnR’s management to accelerate its growth in self-consumption and energy storage solutions
Sparring Opportunities has announced an equity investment in MADEnR, a leading French player in self-consumption and energy storage solutions, alongside Philippe Bernard, founder and President of the company. Backed by Bpifrance and Montpensier Arbevel, Sparring is investing through its Responsible Growth Fund (ReG Fund), which is dedicated to responsible growth. The deal takes place with the fund’s Environmental Transition investment theme. The deal takes place with the fund’s Environmental Transition investment theme.
Founded in 1992 under the name MADEP and acquired in 2019 by Philippe Bernard, MADEnR has established itself as a key player of the energy transition. The company designs, assembles, and manufactures photovoltaic energy management and distribution equipment for residential, commercial, and industrial markets. With two production sites in Honfleur and Lyon-Pusignan, MADEnR controls the entire value chain, from design to the integration of electrical enclosures and storage systems, and implements smart functionalities such as EMS and monitoring.
MADEnR offers a full range of customized solutions, from SunHome residential systems (5–20 kWh), including innovative smart home accessories such as the SunEV smart charging station, to SunPro solutions for commercial and industrial use (up to 84 kWh). The company also offers specific systems developed for off-grid sites.
Amid strong growth in the photovoltaic market—driven by structurally rising electricity prices and a regulatory environment favorable to self-consumption—MADEnR is benefiting from significant momentum. With €30 million in revenue in 2024, representing a 30% increase over 2023, the company confirms its position as a reliable and innovative player in a rapidly evolving sector.
The investment from Sparring Opportunities will enable MADEnR to strengthen its industrial and financial capabilities, accelerate its development in high-growth segments—particularly energy storage and electric mobility—and begin its international expansion.
Philippe Bernard, President of MADEnR, stated:
” With Sparring Opportunities, we have found a partner that shares our long-term vision. Their highly operational approach is a valuable asset for reaching the next stage of our development, while continuing to innovate in support of the energy transition. The commitment of Bpifrance and Arbevel will also be instrumental in driving our growth.”
Denis Catz, President of Sparring Opportunities, added:
“MADEnR is a high-potential French company, that stands out in the field of electrical energy, with a strategic approach that allows them to benefit from the increase in the use of electrical energy and the development of energy autonomy.. With its integrated positioning and recognized capacity for innovation, the company has all the assets needed to strengthen and expand its footprint in a thriving market.”
This transaction reinforces Sparring Opportunities commitment to supporting companies with strong environmental and social impact by providing them with the human, financial, and methodological resources needed for sustainable growth.
About Sparring Opportunities:
A subsidiary of Sparring Capital, Sparring Opportunities specializes in small-cap and thematic investments. Through its ReG Fund, the firm invests as a majority or minority shareholder in unlisted SMEs, primarily located in France. The ReG Fund focuses on three investment verticals: Design to Green (environmental transition), Made in France (sovereignty and reindustrialization), and Sustainable Societies (inclusion through health, education, and training).
Sparring Opportunities’ mission is to provide its portfolio companies with the human, methodological, and financial resources to support a path of sustainable growth. This growth strategy combines strong environmental and social impact with the pursuit of high performance through a comprehensive operational excellence approach.
To achieve this mission, the ReG Fund relies on a dedicated and exclusive team of experts and systematically applies a methodology for operational and sustainable transformation. This approach is based on a program to improve processes and organizational structures, with a strong focus on creating both environmental and social value.
Pour en savoir plus : https://sparringcapital.com/
About MADEnR:
MADEnR is a leading French company specializing in equipment for photovoltaic installations and energy storage. With over 30 years of experience, the company offers comprehensive, high-value-added solutions for residential, commercial, and industrial markets.
To learn more: www.madenr.com
About Bpifrance:
Bpifrance’s equity investments are managed by Bpifrance Investissement. Bpifrance supports companies at every stage of their development through loans, guarantees, and equity financing. It assists businesses with innovation projects and international expansion, and also supports export activities through a wide range of products. Bpifrance provides entrepreneurs with advisory services, training programs, networking, and acceleration initiatives tailored to startups, SMEs, and mid-sized companies. With 50 regional offices, Bpifrance offers a close, single point of contact to help businesses meet their challenges.
About Montpensier Arbevel:
Montpensier Arbevel is an independent, entrepreneur-led asset management company. With over €5 billion in assets under management, it positions itself as a key player in active investment management in France and Europe. The firm brings dual expertise in both asset management and private wealth management, offering a broad range of investment solutions, including European equities, global thematic strategies, bonds, convertible bonds, private equity, and private debt. The latter benefits from a partnership with the European Investment Fund and its InvestEU programme. The company also places particular emphasis on integrating ESG criteria into its investment processes.
More information at: www.montpensier-arbevel.com The company also places particular emphasis on integrating ESG criteria into its investment processes.
More information at: www.montpensier-arbevel.com
About the European Investment Fund and the InvestEU Programme:
The European Investment Fund (EIF) is part of the European Investment Bank (EIB) Group. Its core mission is to support European micro, small, and medium-sized enterprises by helping them access finance. The InvestEU programme brings together under one umbrella the wide range of EU financial instruments currently available to support investment across Member States, making the financing of investment projects in Europe simpler, more efficient, and more flexible.
More information on www.eif.org
Contributors to the operation
Sparring Opportunities: Denis Catz, Romane Parent
Bpifrance: Denis Talaron, Léo Carca
Management: Philippe Bernard
Seller’s Advisors:
Oneida Associés: Emmanuel Dampoux, Nawfal Lagrichi
Unitranche Debt:
Montpensier Arbevel: Ghada Kneisel, Clément Tourneur-Silvain, Lucas Many
Investor’s Legal Advisor:
Mermoz Law
Corporate: Thomas Hermetet, Marina Llobell, Charles Bergeon
Tax: Nicolas Privat
Social: Claire Bourgeois
Financial Due diligence – Investors
Bridge Advisory: Frédéric Claquin, Nicolas Lantourne, Rachelle Digbeu
Investor’s Financial Due Diligence:
RSR Conseil: Lucas Bancel, Claire Elizalde, Baudouin Cuchet
ESG Due Diligence:
I-Care Consult: Régis Cornélie, Nicolas Forget, Alice Dugrenier
Insurance Due Diligence:
Marsh: Nhat-Minh Tran
Legal Advisors for Management and Sellers:
Lasserre Avocat: Thibaut Lasserre
Legal Advisors for Management and Sellers:
Herbert Smith Freehills: Laure Bonin