Its performance would make any portfolio manager proud: over the last five years, Le Chemin des Fleurs’s turnover has grown 10-fold. In 2020, despite the pandemic, it increased turnover by 26%.
PAI Community played a key role in helping Le Chemin des Fleurs conclude a transformative transaction with the acquisition of the site (land and building) which it operates.
The site has been bought by a SPV with financing made available by a significant one-off donation from PAI Community together with amounts provided by some individuals that Le Chemin des Fleurs will repay over time, therefore becoming the sole owner of the site.
Leading the negotiations that took place with the landlord, PAI Community played a crucial role in the site acquisition which is now the cornerstone of the next development stage of the charity as it will give it sole control over the site and the ability to invest in developing the property.
This is unlocking potential to broaden the reach of the charity, adding opportunities to enlarge the local impact and attraction of the site, adding new skills to employ more people (maintenance man, cook), but more importantly, on the back of investments, the charity will become a reference in mastering the ability to grow organic flowers: Le Chemin des Fleurs is now in a position to build upon an ambitious development plan with such planned investments allowing it to widen its reach in France, franchising its horticultural know-how to third parties, among which some will hopefully become copycats in other regions.
What’s more, we’re also favouring connections between Le Chemin des Fleurs with PAI’s portfolio companies (MyFlower and Armacell).
