What CIC Structured Finance does

CIC Structured Finance is the structured finance and project finance division of Crédit Industriel et Commercial (CIC), itself wholly owned by Crédit Mutuel Alliance Fédérale, France's largest mutual banking group. Established in Paris in 1992, the division employs 145-200 specialists across Paris, New York, London, and Singapore, serving large corporates, infrastructure operators, asset owners, and institutional investors. Its franchise spans five core activities: Project Finance (renewables, transport, digital infrastructure), Asset Finance (ships, aircraft, rolling stock), Acquisition Finance (leveraged buyouts and corporate carve-outs), Loan Syndication, and Securitization — with the Satellite ABCP conduit (created 2019) providing programmatic access to European asset-backed commercial paper markets.

Revenue is generated primarily through transaction-based fees — arrangement fees, commitment fees, underwriting spreads, and conduit management fees — on multi-year, transaction-specific mandates. Pricing is not publicly disclosed; each deal is negotiated bilaterally based on ticket size, risk, structuring complexity, and capital deployment. The go-to-market relies on direct senior banker relationships, regional Crédit Mutuel/CIC bank referrals, and co-arrangement with other lenders in project finance consortiums, complemented by thought-leadership-driven deal sourcing through conferences and ESG-aligned press positioning.

Customer bases are diverse across renewable energy (Boralex, Polenergia, Equinor, REDEN, Encavis, JPee, TTR Energy), maritime (Knutsen France LNG), rail leasing (Akiem, ELL, Trinity Industries), digital infrastructure (PremiumFiber), nuclear (UK government/EDF/Centrica at Sizewell C), storage (NW Storm), and public transport (Nobina). Across roughly two dozen disclosed mandates, deal sizes range from approximately €76 million (Encavis wind) to ~€4.7 billion (PremiumFiber FiberCo) and multi-billion-euro offshore wind and nuclear financings. In May 2026 the division is being reconsolidated under the CIC Corporate & Institutional Banking (CIC CIB) brand, integrating structured finance with adjacent CIB capabilities.

Name

CIC Structured Finance

Legal name

Crédit Industriel et Commercial (CIC)

Website

https://cic-structuredfinance.eu

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

CIC Structured Finance is the structured and project finance division of Crédit Mutuel subsidiary CIC, employing 145-200 experts across Paris, New York, London, and Singapore to arrange project, asset, acquisition, syndicated, and securitization financing for large corporates, infrastructure operators, and institutional investors.

Ownership category

akta.pro rank

Product category

Corporate & Investment Banking

NAICS

Investment Banking and Securities Intermediation (523150), Credit Intermediation and Related Activities (522), Other Financial Vehicles (52599), Commercial Banking (522110), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Asset-Backed Securities (6189), Loan Brokers (6163), Security Brokers, Dealers & Flotation Companies (6211), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Specialty Finance / Structured Credit (FSANADAE)

akta.pro secondary industries

Debt Capital Raising Intermediation (Private Debt/Mezzanine/Bonds) (FSAEALAM), Debt Advisory & Financing Advisory (FSAEAGAD), Construction & Engineering (EPC) (FSABACAG), Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)

Keywords

• Project finance
• Asset finance
• Acquisition finance
• Loan syndication
• Securitization services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Project Finance: Provides financing for infrastructure projects including renewable energy (wind, solar), transportation, digital infrastructure. Revenue generated through arrangement fees, commitment fees, and interest margins on long-term project loans.
2. Asset Finance: Financing solutions for movable assets including ships, aircraft, rail equipment, machinery. Revenue from structuring fees, arrangement fees, and ongoing interest income.
3. Acquisition Finance: Bridge financing and long-term debt for leveraged acquisitions, with capability for full underwriting and syndication to institutional lenders.
4. Loan Syndication: Desk that can subscribe up to 100% of financing and syndicate to other actors such as banks or debt funds. Revenue from syndication fees and arrangement fees.
5. Securitization / ABCP Conduit: Through Satellite conduit, arranges securitization transactions backed by receivables, financial leases, auto loans, consumer credit. Revenue from arrangement fees and conduit management fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

CIC Structured Finance arranges and provides structured financing solutions for large corporates, infrastructure operators, and institutional investors across five activities: project finance (renewable energy, transport, digital infrastructure), asset finance (ships, aircraft, rail equipment), acquisition finance (bridge and leveraged debt), loan syndication (up to 100% underwriting), and securitisation via the Satellite ABCP conduit.

Product overview

CIC Structured Finance is a department of Crédit Industriel et Commercial (CIC) offering five core structured finance activities: Project Finance, Asset Finance, Acquisition Finance, Loan Syndication, and Securitisation. The department operates through the Satellite ABCP conduit for securitisation transactions and maintains a dedicated ESG team for sustainable financing integration. Services are delivered from offices in Paris, New York, London, and Singapore, with a team of approximately 145-200 experts.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Finance (Financements de Projets) Project financing for infrastructure, energy, and sustainable development projects, including renewable energy facilities (offshore and onshore wind, solar), transport infrastructure, and digital infrastructure. Provided to infrastructure developers, operators, and corporates undertaking large capital projects.
• Asset Finance (Financements d'Actifs) Financing solutions for movable and capital asset classes including maritime vessels (e.g., LNG carriers), railway equipment and rolling stock (locomotives, wagons), aircraft, and other equipment. Provided to asset owners, lessors, and operators across Europe and globally.
• Acquisition Finance (Financements d'Acquisitions) Financing for corporate acquisitions and buyouts, including leveraged finance and syndicated acquisition loans, serving large corporates and private equity sponsors undertaking leveraged buyouts, public-to-private transactions, and strategic carve-outs.
• Loan Syndication (Syndication) Underwriting and syndication of loans to other financial institutions and debt funds, with capacity to underwrite up to 100% of financing. Includes 20 years of syndication experience and access to French debt fund market, mid-cap sponsors, and major European leveraged loan asset managers.
• Securitisation (Titrisation) Securitisation financing solutions including STS-compliant securitizations and ABS capital markets programs backed by receivables, automotive loans, financial leases, and consumer credit assets. Includes ECP and NeuCP programs via the Satellite conduit.
• Satellite ABCP Conduit CIC's asset-backed commercial paper (ABCP) conduit platform providing privileged access to ABCP markets, with diversified investor base and decoupling of commercial paper rating from client rating. Held €2,860M in assets as of June 2023 with €40 billion in commercial paper issued since inception. Serves corporate and financial-sector clients seeking working capital optimization, receivables monetization, and balance sheet deconsolidation.
• ESG Financing Solutions Sustainable finance offerings incorporating ESG criteria into each financing, supported by a dedicated ESG team for project finance and infrastructure. Includes green senior debt refinancings and ESG-aligned financing frameworks.

Quantifiable outcome

• 13.5 GW of offshore wind power capacity financed across 20 projects
• +3 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Polenergia / Equinor Joint VenturecoreStrategic or Co-development Partner · 1 January 202550/50 joint venture between Polenergia and Equinor for Bałtyk II & III offshore wind farms. CIC participated in €3 billion financing for each project.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• DekaBank: German bank specializing in structured finance, securitization (via its own ABCP/ABS programs), project finance, and asset finance. Comparable mid-sized European structured finance peer with similar institutional and renewable energy focus.
• Crédit Agricole CIB: Top-tier French CIB with a leading European project finance franchise and significant securitization platform. Competes directly with CIC Structured Finance on renewable energy, infrastructure, and acquisition finance mandates across EMEA.
• BayernLB: German Landesbank with strong renewable energy, project finance, and structured finance capabilities. Comparable mid-sized European peer often participating in similar offshore wind and infrastructure syndications.
• Natixis Corporate & Investment Banking: French CIB division of Groupe BPCE with strong project finance, infrastructure, and asset finance franchises across renewable energy and structured credit. Closest domestic peer to CIC Structured Finance given similar mid-cap European mandate focus and Crédit Mutuel-like cooperative banking parent.
• ING Wholesale Banking: European bank with strong structured finance franchise in renewables, asset finance, and project finance. Comparable mid-sized CIB competing for similar mid-cap European infrastructure and acquisition finance mandates.
• LBBW: German Landesbank with project finance, renewable energy, and securitization franchises. Comparable European peer competing in mid-cap project finance and asset-backed financing markets.
• NordLB: German Landesbank with a focused project finance, renewable energy, and aircraft/ship finance franchise. Comparable mid-sized European bank with similar sector specializations and cross-border deal capability.

Broad incumbents

• Société Générale CIB: Major French CIB with global project finance, energy, and asset finance franchises. Direct competitor on large ticket infrastructure, offshore wind, and LNG financings; often a co-arranger alongside CIC.
• HSBC Infrastructure Finance: Global CIB with a leading project and infrastructure finance franchise. Competes with CIC Structured Finance on large-scale European infrastructure and renewable energy deals, particularly as lead arranger.
• BNP Paribas CIB: Largest French CIB with global project finance, asset finance, and securitization capabilities. Frequently co-arranges alongside CIC on European infrastructure deals and sets the dominant market benchmark for renewable energy and LNG financing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCFakeId123
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Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIC Structured Finance