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Carlsquare advised Deltalys, a French leading innovative green gas player, on its growth equity round led by TiLT Capital Partners, a European energy transition growth investment fund

Carlsquare has worked alongside Deltalys and its shareholders to engineer the best-suited financial solution via a 10M€+ transaction, laying the foundation for the next stage of the company’s development. The funds raised will allow Deltalys to accelerate its international anchoring and develop its solution’s uses.

Deltalys was established in 2014 in Lyon, France by Charly Germain, its current CEO. The company designs and commercialises ECOLYS, a solution for hydrogen sulfide (H2S) filtration contained in the biogas collected from landfills or methanization plants. While the main solution on the market consists in using activated carbon filtration, Deltalys relies on an eco-designed filtration media, made from materials mainly sourced in France and coming from a circular economy. This patented technology considerably reduces the environmental impact associated with traditional solutions. The biogas thus filtered is then valorized via the cogeneration of electricity and heat, by injection into the gas distribution networks or for mobility in bioGNV (Natural Gas for Vehicles).

The financial transaction, led by TiLT (Siparex Group), with Swen Capital Partners as minority co-investor, will enable the company to accelerate its growth in three major areas by:

1) Pursuing investment in its industrial tool through the expansion of its production plant

2) Deploying its solution in France, Europe and North America

3) Strengthening its R&D team to further develop new products to diversify the uses of its solution

“I am delighted, on behalf of the entire Deltalys team, to be able to embark on a new phase of growth for the company with the support of a new reference shareholder. I am convinced that TiLT and its founders share our commercial, industrial and international vision, and Deltalys will now be able to pursue its growth with resources that match its ambitions. The entire Deltalys team is already mobilized, alongside our new and historical shareholders, to keep on deploying innovative and local solutions for an industry that is more respectful of people and the environment.” – Charly Germain, CEO of Deltalys

Carlsquare acted as the exclusive financial advisor to Deltalys.