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).
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.
Amoeba Biocide, producer of a biological biocide, capable of eliminating bacterial risk in water and human wounds, and a biocontrol product for plant protection, listed on Euronext Paris, issues a new convertible bonds facility.
This financing of 6.5M€ subscribed by Nice & Green, a company specialized in providing corporate services and flexible financing solutions to listed companies, aims at supporting the activities of Amoeba up to August 2021, especially (i) the R&D activities on the biocontrol application for the prevention of plant diseases such as downy mildew, potato downy mildew, cereal rust and (ii) the applications for authorization of the active substance biocide and the plant protection substance in Europe and United States.
Nice & Green has been advised by Solferino Associés (Fouad Bellaaroussi & Camille Chastagner).
Amoeba Biocide has been advised by Lamy Lexel (Vincent Medail & Aymeric Vuillermet).
Abénex Croissance is taking control of Aerow Group, a leader in Intelligent Information Management (IIM) and is supporting the investment of around fifteen executives led by the Chairman and the Chief Executive Officer.
Solferino Associés (Bernard-Olivier Becker & Louise Toison) assisted Aerow and the new managers on contractual and corporate law aspects, with the assistance of the law firm Cazals Manzo Pichot Saint Quentin (Maxence Manzo & Bertrand de Saint-Quentin) for tax aspects.
Abénex Croissance was advised by Claris Avocats on contractual and corporate law aspects and by Arsène Taxand for tax law aspects. The sellers were advised by the law firm Reinhart Marville Torre.
For its Series C, Qonto raised €104 million. Tencent and DST Global are joining historical investors Valar Ventures and Alven Capital in this transaction.
Solferino Associés (Bernard-Olivier Becker & Marie Estelle Colin) assisted Qonto on contractual and corporate law aspects, with the assistance of Cazals Manzo Pichot Saint Quentin (Maxence Manzo & Bertrand de Saint-Quentin) on tax aspects.
The Valar and Alven funds were advised by Jones Day, Tencent was advised by Clifford Chance and DST Global was advised by Goodwin.
Proparco proceeded with the sale of its shareholding representing 20% of the share capital of a private bank in Mauritania, a key player in financing entrepreneurship and the private sector.
After having been authorized by the Central Bank of Mauritania, the transaction has been closed on 30 December 2019.
Proparco has been advised by Solferino Associés with Fouad BELLAAROUSSI & Marie Estelle COLIN in Paris and Mohamed Lemine ABDEL HAMID in Nouakchott.
Rothschild & Co, 123 Investment Managers and SLP entered into an agreement with Cushman & Wakefield, a major global real estate services provider listed on the New York Stock Exchange, relating to the sale of REPONSE, one of the major French design & build services provider.
Rothschild & Co et 123 Investment Managers, who initially invested as Mezzanine instruments, entered the Company’s capital in 2016 in the context a restructuring process and have been involved in the Company together with the Management since then.
This strategic acquisition, which offers complementary services to Cushman & Wakefield in France, is still subject to French Antitrust Authority.
Rothschild & Co et 123 Investment Managers have been advised by Solferino Associés (Fouad BELLAAROUSSI & Camille CHASTAGNER).
SLP has been advised by MBL Associés (Maguelone BEAUMOENT-LORIOT).
Cushman & Wakefield has been advised by DLA Piper.
Vulcain advised the sellers as M&A Advisor (Gauthier BAIJOT & Cyprien BERTHIER).
Dedalus France, main publisher of medical softwares for public and private healthcare institutions, listed on Euronext Paris and a subsidiary of the Dedalus Group, the European leader in healthcare software solutions, has acquired 100% of the share capital of Web100T.
This acquisition is in line with the strategy of the Dedalus group, which will be able to penetrate the market of private healthcare facilities in France and benefit from the Web100T solutions that will complete its public and private installed bases, in France but also internationally.
Dedalus Group and its main shareholder, the investment fund Ardian, were advised by Solferino Associés (Fouad BELLAAROUSSI, Marie-Estelle COLIN & Louise TOISON).
The sellers were advised by LL Berg.
This capital increase amounting to € 10 millions aimed at partially refinancing two major acquisitions carried out in 2018:
- 100% stake in Infologic-Santé, leading publisher in France in Pathology and Genetics solutions, which equips more than 75% of hospitals and private laboratories with its solutions, for a total of € 6 millions; and
- 100% stake in DL Santé, a medical software publisher mainly positioned in the segment of private medical biology laboratories, for a total of € 10.5 millions.
The success of this capital increase was guaranteed by Dedalus S.p.A, after this capital increase, 81.83% of the capital and 82.01% of the voting rights of Medasys.
Dedalus S.p.A and Medasys were advised by Solferino Associés (Fouad Bellaaroussi, Marie-Estelle Colin and Camille Chastagner).
Laviosa Chimica Mineraria is an Italian family group specializing in the extraction, processing and distribution of industrial mineral products.
Damolin Etrechy is the French market leader in the supply of cat litter products and the production, packaging, marketing and distribution of absorbent products.
This acquisition is perfectly in line with the strategy and development plans of the Laviosa group and will enable it to use Damolin Etrechy’s distribution channels for its mineral extraction activity and the upcoming opening of its Vexin mine.
The Laviosa group was advised by Solferino Associés (Fouad Bellaaroussi & Camille Chastagner) and by KPMG (Eddy Amouri) for the tax aspects.
The Seller did not use external legal counsels.
The 20 latest Blog Posts
- SpineGuard sets up a new financing of 2.4 Millions euros by way of pre-paid warrants
- Solferino Associés on the de-listing of Dedalus France
- Amoeba-Biocide issues a new convertible bonds facility of 6.5M€ subscribed by Nice & Green
- Abénex Croissance leads the transmission of Aerow Group
- Qonto closes a €104 million capital increase with the arrival of Tencent and DST Global and several business angels, in addition to historical investors Valar Ventures and Alven Capital
- Solferino Associés advises Proparco (French Development Agency) in Mauritania
- Solferino Associés advises Rothschild & Co and 123 Investment managers in the context of the sale of REPONSE to Cushman & Wakefield
- Solferino Associés advises Dedalus Group and Ardian in the context of the acquisition of Web100T for 25M€
- Solferino Associés advises Medasys (company listed on Euronext Paris) in the context of its capital increase
- Solferino Associés advises Laviosa Chimica Mineraria in the context of the acquisition of 100% stake of Damolin Etrechy, Imerys Group subsidiary