Oilseeds and proteins operator Avril has joined forces with Israeli start-up BioPolymer Technologies (BPT) and the ‘SPI - Sociétés de Projets Industriels’ fund, managed by Bpifrance Investissement with the object of investing in projects to develop French industry as part of the ‘PIA’ future investments programme, in order to produce a resin additive from rapeseed meal through a new joint venture, Evertree. With start-up capital of €24M, Evertree is to receive contributions totalling €72M over four years.

Gide advised Avril with a team comprising Emmanuel Reille (partner) and Laura Castex (counsel) and Ségolène Pelsy (counsel) for competition aspects, Jean-Gabriel Flandrois (partner) and Hugo Nocerino for corporate aspects and Raphaëlle Dequiré-Portier (partner) and Elise Marie for intellectual property aspects.

BTP was advised by Fischer Behar Chen Well Orion & Co. and Bpifrance Investissement by GATE AVOCATS.