Jeantet advises Heights Capital management in the context of its subscription to the reserved capital increase and the reserved issuance of bonds convertible into new shares and/or exchangeable for existing shares of Claranova

 

Paris, August 24, 2021 – Jeantet advised Heights Capital Management, a US institutional investment fund, in the context of the reserved capital increase without preferential subscription rights of €15 million and the reserved issuance of €50 million of bonds convertible into new shares and/or exchangeable for existing shares (OCEANE) of Claranova, a company listed on the regulated market of Euronext Paris, compartment B.

This share capital increase of €15 million has been subscribed on August 11, 2021 by Ophir Asset Management for €10 million and by Heights Capital Management for €5 million. It consisted in the issuance of a total of 2,142,857 new shares at €7.00 per share, representing 5.39% of Claranova’s share capital. In addition, on August 16, 2021, all the 3,846,154 OCEANE issued, with a par value of €13 each (involving a conversion premium of circa 86%), have been subscribed by Heights Capital Management for a total amount of €50 million.

The settlement-delivery of the new shares and their admission to trading on the regulated market of Euronext Paris occurred on August 13, 2021 (ISIN FR0013426004 / ticker CLA). The settlement-delivery of the OCEANE, which will not be admitted to trading on a financial market, occurred on August 23, 2021.

Claranova is a leader in personalized e-commerce (PlanetArt) and has a technological expertise in the areas of software publishing (Avanquest) and the internet of things (myDevices).

The main purpose of these issuances is to provide financings for the acquisition of Avanquest’s minority interests, valued at €98 million.

Our last press releases

Jeantet advises SILVERSUN on the raising of senior and RCD financing

Paris, April 1, 2025 – Jeantet advised Silversun, a leading player in the construction and development of photovoltaic power plants, in setting up its €13 million revolving credit line to finance projects in the development and construction phases in France, with the support of Crédit Agricole du Languedoc, LCL and Arkéa Capital. Jeantet also assisted […]

Paris | FINANCING

+

Aymar de Mauléon joins Jeantet in its growth process alongside Laïd Estelle Laurent and Hadrien de Lauriston in the Restructuring team

Paris, March 28, 2025 – Jeantet announces the arrival of Aymar de Mauléon as a partner in its Restructuring practice. Aymar de Mauléon founded and headed the Restructuring practice at Linklaters from 2006 to 2025, where he built up a strong reputation in complex and strategic matters. This arrival is a further step in the […]

Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY

+

Jeantet advised the LOOPING GROUP in its acquisition of PARC SAINT-PAUL

Paris, 24 March 2025 – Jeantet advised the Looping Group, the leading European operator of regional leisure parks, announced the acquisition of Parc Saint-Paul, one of the most iconic theme parks of the region of Oise in France and ranking amongst the 10 most important theme parcs in France. Created in 2011, the Looping Group […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advised BAYWA R.E in the sale of a 47 MWp french solar project to COMMERZ REAL

Paris, 20 March 2025 – Jeantet advised BayWa r.e. in the sale of the project Amance, a ready-to-build 47 MWp solar park project in eastern France, to Commerz Real (for its Klimavest fund). Developer BayWa r.e. has agreed to sell to a fund managed by the German investment manager Commerz Real the 47MWp Amance photovoltaic […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises the banking pool composed of Arkea banque entreprises et institutionnel, banque populaire grand ouest and BPIFrance for the financing of the development, construction and operation of a CSR heating facility in Brest

Paris, March 12, 2025 – Jeantet advised the banking pool consisting of Arkéa Banque Entreprises et Institutionnels, Banque Populaire Grand Ouest and BPIFRANCE on a financing package worth around €63 million in principal to finance the development, construction and operation of a solid recovered fuel (SRF) cogeneration boiler, enabling the simultaneous production of electricity and […]

Paris | BANKING AND FINANCE LAW

+

Jeantet advises M2i and PROLOGUE, its controlling shareholder, in the context of the proposed acquisition of a majority block of M2i shares by SKOLAE, prior to the filing of a simplified tender offer on M2i shares

Paris, 5 February, 2025 – Jeantet has advised M2i (a company listed on the Euronext Growth Paris market), specialized in training in IT, AI, Digital, Management and Soft Skills, as well as Prologue (a company listed on the Euronext Growth Paris market), its controlling shareholder, in the context of the acquisition project of a majority […]

Paris | CAPITAL MARKETS AND STOCK EXCHANGE LAW

+

Jeantet advised TIS Inc. in the context of the Series B fundraising of Alice & Bob

Paris, February 3, 2025 – Jeantet advised TIS Inc. in the context of the Series B fundraising of Alice & Bob. Jeantet’s team was composed of Guillaume Fornier (Partner, Corporate/M&A), Georges-Dominic Sardi and Emma Rouhaud (Associates, Corporate/M&A). TIS was also advised by the law firm Nishimura & Asahi (Gaikokuho Kyodo Jigyo), with a team led […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises SOGESTRAN in the acquisition of REEDEREI JAEGERS GMBH

Paris, 20 January, 2025 – Jeantet advised the French Sogestran group in the negotiation and signing of a binding agreement on 18 December 2024, according to which the Sogestran Group will acquire Reederei Jaegers GmbH, specialized in inland waterway liquid bulk transport, during the first quarter of 2025. This transaction, including the acquisition of 57 […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet has assisted NatWest Markets plc in connection with a €240 Million NAV Line to Clarion Partners Europe

16 December 2024 The Facility includes sustainability features which align with built environment decarbonisation ambitions of both businesses. Clarion Partners Europe, the real estate investment fund manager specialising in European logistics and industrial assets, has agreed to a €240 million NAV Line facility with NatWest for one of its co-mingled funds, which reports under Article […]

Paris | BANKING AND FINANCE LAW

+

Jeantet advises SBV and SMBV in connection with the Paris FC sale

Paris, 9 December, 2024 – Jeantet has advised Sports Bridge Ventures (SBV) and Sports Bridge Media Ventures (SBMV), in connection with the sale of their respective stakes in Paris Football Club to Alter Paris, holding company of Mr. Pierre Ferracci (current chairman of the Paris FC), in the context of the transaction with the Arnault […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises QUADPACK on its acquisition by PSB INDUSTRIES

Paris, 21 November, 2024 – Jeantet is advising the listed company Quadpack Industries on its acquisition by PSB Industries, both specialized in the development, manufacture and distribution of packaging for the cosmetics industry, for approximately EUR 140 million. Quadpack Industries, a Catalan-based company listed on Euronext Growth Paris, and PSB Industries (the parent of the […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+