As part of the internationalization of its activities, the Voyageurs du Monde Group, the French leader in tailor-made travel (Voyageurs du Monde and Comptoir des Voyages) and adventure travel (Terres d’Aventure, Allibert Trekking and Nomade Aventure), has announced the signing of an investment agreement between the founders, the funds Certares and Nov Tourisme, which are acquiring a stake in the company, the historical investors (Crédit Mutuel Equity, Bpifrance, Montefiore Investment and BNP Paribas Développement), the company and its controlling shareholder, Avantage, for the following transactions:

• Certare’s entry into the capital of Avantage by subscribing to a convertible bond issue accompanied by Crédit Mutuel Equity and Bpifrance for a total amount of €40 million.
• First convertible bond issue by Voyageurs du Monde reserved for Certares, Crédit Mutuel Equity and Bpifrance for an amount of € 75 million.
• Second convertible bond issue by Voyageurs du Monde with preferential subscription rights, in June 2021, for an amount of approximately €55 million, with Avantage committing to subscribe to the €40 million invested by Certares, Crédit Mutuel Equity and Bpifrance in Avantage.

Solferino Associés (Bernard-Olivier Becker & Marie Estelle Colin) advised Bpifrance on this transaction.

Crédit Mutuel Equity SCR was advised by Allen & Overy, Certares by Dechert LLP (legal aspects) and EY (tax structuring and due diligence). Voyageurs du Monde was advised by Chammas&Marcheteau.

Solferino Associés is pleased to announce the appointment of Diane Hervey-Chupin as new Partner. This appointment highlights the 10th anniversary of the firm.

Diane Hervey-Chupin’s appointment  is a recognition of her career within the firm and of her involvement with the firm’s clients, as well as her professional and human qualities.

This appointment also demonstrates Solferino Associés’ willingness to promote high-potential talents internally, and enables the firm to strengthen its position in complex litigation matters.

Charlotte Plantin and Guillaume Buge, partners in charge of the firm’s litigation practice declare: “We are very proud of Diane’s career within the firm. Her technical skills and the confidence relationship  she established  with our clients are fundamental for us.”

Diane Hervey-Chupin confirms: “I am delighted to become a partner, alongside lawyers with whom I have shared a strong relationship of trust and the same professional and human values for more than seven years.”

During her seven years of practice at Solferino Associés, Diane Hervey-Chupin has developed her practice in business litigation, and had the opportunity to assist the firm’s clients in many complex disputes before civil, commercial or criminal courts. She also has specific expertise in assisting healthcare professionals before disciplinary courts.

Having joined Solferino in 2013, Diane became Counsel in 2018.

Argos Wityu, an independent European private equity group, has acquired the French perimeter of Sword Group, creating an independent leader in IT-Digital and Software.

Solferino Associés (Bernard-Olivier Becker & Marie Estelle Colin) accompanied the directors and managers of Sword France in this transaction, with the assistance of Cazals Manzo Pichot Saint Quentin (Maxence Manzo & Bertrand de Saint-Quentin) for tax matters.

Argos Wityu was advised by Hogan Lovells.

The seller was advised by Quartèse Avocat and Korvinglaw.

SpineGuard, a company listed on Euronext Growth, and specialized deploying its proprietary real time sensing technology DSG® (Dynamic Surgical Guidance) to streamline the placement of implants in the skeleton, announces a new equity financing.

This new financing aims at securing the Company’s cash runway in the context of both the COVID-19 pandemic and the Chapter 11 and French ‘sauvegarde’ plans currently being prepared.

This new financing amounting to 2.4 millions euros has been structured in the form of issuance of pre-paid warrants fully subscribed by Nice & Green, a company specialized in providing corporate services and flexible financing solutions to listed companies.

This issuance of pre-paid warrants in several tranches allows SpineGuard to receive 90% of the amount of each tranche at the subscription and to benefit upfront from almost of the amount of such tranches, the remaining amount being provided at the exercice of the warrants.

Nice & Green has been advised by Solferino Associés (Fouad Bellaaroussi).

SpineGuard has been advised by FLV Associés (Bastien Mathieu).

Read the press release published by SpineGuard

Solferino Associés advised Dedalus France, a leading healthcare and diagnostic software provider, in the context of the public tender offer launched by its main shareholder, Dedalus Italia S.p.A.

This tender offer, has been approved by the Financial Market Authority (Autorité des Marchés Financiers) on 23 June 2020,  and will be followed by a squeeze-out should Dedalus Italia reach the threshold of 90% of share capital of Dedalus France as a consequence of the tender offer.

Solferino Associés advised Dedalus France with Fouad Bellaaroussi, Louise Toison and Justine Lossois.

Dedalus Italia has been advised by Clifford Chance with Gilles Lebreton, Aline Cardin, Alexandre Merle and Valentin Morichon.