Advant Altana advised the industrial group Loca Service on the opening up of its capital to a pool of minority investors, led by the investment fund NCI Capital and including BNP Paribas Développement, BP …
Altana advised the cooperative group d’Aucy in its strategic partnership with the investment fund Hivest Capital, at the occasion of Hivest’s takeover of the Saint Mamet group, producer of canned fruit, from the fund Flora and the cooperative Conserve Italia. The Saint Mamet group generates an annual turnover of approximately €100 million and employs close to 200 employees.
This takeover occurs in the context of a preventative procedure for companies in difficulty, under which an agreement was found with the bank partners of the Saint Mamet group, who accepted to renew their support of the group.
In this context of takeover, the group d’Aucy concluded with the fund Hivest and the group Saint Mamet various strategic agreements aimed at permitting the Saint Mamet group to re-energize its brand and improve its export performance, which accounts for 6% of its turnover.
The conciliation agreement was accepted on July 20, 2018 by the Montpelier Commercial Court, ratifying this takeover by the investment fund Hivest in partnership with the d’Aucy group.
The group d’Aucy was advised by Michel Jockey, partner, and Mana Rassouli, on the restructuring aspects, and by Jean-Nicolas Soret, partner, and Géraldine Malfait, on the corporate aspects.
