http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar-by-technology-renewable-energy-news/jit-solaire-pursues-further-growth-with-axa-private-equity-investment.html

AXA Private Equity has made a €3m investment into France-based photovoltaic solar energy company JIT Solaire.

Located in the Poitou-Charentes and Rhône-Alpes regions, the solar group installs turnkey electricity-generating solar power systems for individuals, companies and local authorities.
At end of July 2010, it had installed more than 6MW of peak power capacity and its sales have enjoyed continued growth, according to AXA.
The funds will provide the company with the resources it needs to maintain its growth and accelerate the development of its business of installing solar panels and running power plants for its own account.
Following the AXA investment, JIT Solaire’s founding directors Jérôme Bailleul and Franck Braudel said the company has plans for further growth.
Alexis Saada, director of AXA Private Equity, said, ‘We were won over by the team’s expertise and their ability to innovate and tackle a dynamic market. This provides us with an opportunity to assist the directors of JIT Solaire in a key stage of the group’s development.’
AXA Private Equity has $25bn in managed assets and its global reach extends across Europe, the US and Asia.
It supports the development and long-term growth of its portfolio companies with sustainable growth strategies and by granting them access to the AXA international network.
The firm, which offers investors private equity services for every market segment, has offices in Paris, Frankfurt, London, New York, Singapore, Milan, Zurich and Vienna.