Vergnet, a company which specialises in generating renewable energy (wind, solar and hybrid sources) and delivering high performing energy solutions, listed on Euronext Growth, issues a new convertible bonds facility.

This facility has been fully subscribed by Alpha Blue Ocean, an investment company which specialises in providing flexible equity linked financing solutions and has been structured through the issuance of warrants (Bons d’Émission) allowing the investor to subscribe convertible or exchangeable bonds (Obligations Convertibles ou Échangeables en Actions) for a maximum global amount of 6M€.

This facility aims at pursuing the R&D efforts as well as potential external growth transactions.

Vergnet has been advised by Solferino Associés (Fouad Bellaaroussi).

Park Capital has been advised by Jeantet Associés (Cyril Deniaud & Benjamin Cohu).

Jakala, société MarTech du portefeuille d’Ardian Buyout fondée par Matteo de Brabant et l’un des acteurs européens les Jakala, an Ardian Buyout portfolio MarTech company founded by Matteo de Brabant and one of Europe’s largest MarTech players with over 1,300 professionals and over €300 million in revenue, acquires a significant minority stake in Clever Age, a French technology company with more than 350 professionals and one of the leaders in the field of e-commerce and the entire digital production chain.

This investment provides Clever Age with a boader ecosystem of services and optimizes the benefits provided to its customers by focusing on omnichannel transformation.

Ardian & Jakala have been advised by Solferino Associés (Fouad Bellaaroussi & Camille Chastagner).

Clever Age has been advised by Agilys Avocats (Baptiste Bellone & Chloé Journel).

Solferino Associés advised Perpetua Investment Group on the series Seed funding rounds for VERA (Singularity Corp.) for a total amount of €8 million. VERA is a fashiontech startup created by Nada Bargachi and Olivia Breysse and develops a virtual dressing room in order to avoid clothing waste.

Perpetua Investment Group is a partnership-driven alternative investment firm established in 2018 by entrepreneurs with a strong long-term vision.

Solferino Associés (Fouad Bellaaroussi, Marie-Estelle Colin & Jules Tabourel) advised Perpetua Investment Group on this transaction.

The appointment of Marie-Estelle Colin is recognition of her career and her involvment in the deals and with the clients.

Through this appointment, Solferino Associés swishes to continue to promote its talents internally and strengthen its position in M&A, Private Equity and Venture Capital.

Profil de Marie-Estelle Colin

For its Series D round, Qonto raises €486M and becomes the most valued French fintech. The round was led by US funds Tiger Global and TCV alongside several new investors including Eurazeo and KKR followed by historical investors including Valar Ventures, Alven, Tencent and DST.

Solferino Associés (Bernard-Olivier Becker, Marie Estelle Colin, Louise Toison & Jules Tabourel) assisted Qonto on contractual and corporate law aspects, with the assistance of Cazals Manzo Pichot Saint Quentin (Maxence Manzo, Bertrand de Saint-Quentin & Morgan Anfray) on tax aspects.

Access to the press release published by Qonto

Solferino Associés advises Mediobanca – Banca di Credito Finanziario S.p.A., acting as Presenting and Guaranting Bank, in connection with the proposed public tender offer filed on November 23, 2021 by DBAY Advisors for the shares of SQLI, listed on compartment C of the regulated market of Euronext in Paris.

SQLI is a European services group dedicated to the digital experience, helping companies and brands to develop their business.

As of the date of the filing of the Offer (initiated by a French dedicated vehicle controlled by DBAY Advisors), the DBAY Advisors group holds 28.59% of the share capital and 26.82% of the voting rights of SQLI.

The Offer is proposed at a price of € 31 per share and, should the legal conditions be met (i.e reaching the 90% threshold), DBAY Advisors has already indicated its intention to implement a squeeze-out.

Solferino Associés advised Mediobanca with Fouad Bellaaroussi & Bernard-Olivier Becker.

DBAY Advisors was advised by Bredin Prat and SQLI was advised by Lamy Lexel.

For its first round of financing, Groupe Touriste, a hotel group created in 2008 by Adrien Gloaguen and specializing in “boutiques-hôtels” in Paris, raised € 2,4 million from Bpifrance Investissement. With the opening of a hotel in London, Groupe Touriste intends to extend its activities at an international level.

Solferino Associés (Bernard-Olivier Becker & Camille Chastagner) assisted Bpifrance Investissement on contractual aspects, with the assistance of Cazals Manzo Pichot Saint Quentin on tax aspects, of Daher Avocats on labour law aspects, and Sphère Avocats on real estate law aspects.

Groupe Touriste was advised by Maguelon Beaumont-Loriot.

For its Series A, PowerZ, start-up developing an educational video game, raised EUR 6 million. In this round, Bpifrance Investissement, Raise Ventures, Bayard Presse and several business angels are joining historical investors, some of whom also reinvested on this occasion, notably EduCapital, Pierre Kosciusko Morizet, Michaël Benabou and Hachette Livre. 

Solferino Associés (Bernard-Olivier Becker & Camille Chastagner) assisted PowerZ on contractual and corporate law aspects, with the assistance of Cazals Manzo Pichot Saint Quentin on tax aspects.

Bpifrance Investissement and Raise Ventures were advised by Joffe & Associés.

iXBlue, a French provider of solutions and services for navigation, positioning, and imaging acquired Muquans, a French company specialised in very high performance instrumentation.

Solferino Associés (Bernard-Olivier Becker & Louise Toison) assisted MuQuans on contractual and corporate law aspects, with the assistance of Cazals Manzo Pichot Saint Quentin (Maxence Manzo & Bertrand de Saint-Quentin) on tax aspects.

IXblue was advised Stance Avocats

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, Fouad Bellaaroussi & 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.

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