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    Signature(s)

    Amount
    € 80,000,000
    Countries
    Sector(s)
    France : € 80,000,000
    Services : € 80,000,000
    Signature date(s)
    24/06/2021 : € 80,000,000

    Summary sheet

    Release date
    8 July 2021
    Status
    Reference
    Signed | 24/06/2021
    20190544
    Project name
    Promoter - financial intermediary
    VENTE-PRIVEE DIGITALISATION INVESTMENT PROGRAMME
    VENTE-PRIVEE.COM SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 80 million
    EUR 181 million
    Location
    Sector(s)
    • Services - Wholesale and retail trade; repair of motor vehicles and motorcycles
    Description
    Objectives

    The project concerns the Promoter's investments aiming at expanding and improving its legacy digital platform through deploying new and more efficient technologies across its services, aiming at enhancing customer experience for its members (i.e. consumers) and brands, improving operational performance and achieving cost synergies. The activities will take place primarily in the Promoter's technical centres in France between 2020 and 2023.

    The project concerns the Promoter's transformative investments that shall help the company maintain its competitive edge and deliver best-in-class industry standards and which cover the sales processes (new automated sales creation flow, order pipe, flexible warehouse allocation, intelligent reporting, setting up a European-wide marketplace), back-office processes (stock management, supply chain integration), seamless integration of different sales channels, logistics processes, and the information technology (IT) systems that support the above, including enterprise resource planning (ERP) systems.

    Environmental aspects
    Procurement

    The development, implementation and deployment of IT systems is not covered by EIA Directive 2014/52/EU amending the Directive 2011/92/EU. In addition, the project activities are expected to be carried out in existing facilities that are already used for the same purposes and that are not expected to change their scope due to the project. Further details will be analysed during the due diligence.

    The Promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the Promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the Promoter to apply those rules.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - VENTE-PRIVEE DIGITALISATION INVESTMENT PROGRAMME
    Publication Date
    10 Aug 2021
    Document language
    Main Topic
    Lending
    Document Number
    134808996
    Document Focus
    Environmental Information
    Project Number
    20190544
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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