Jeantet advises Lacroix Group in the context of its share capital increase with preferential subscription rights on Euronext Paris
Paris, July 30, 2021 – Jeantet advised Lacroix Group in the context of its share capital increase with preferential subscription rights of the shareholders on the regulated market of Euronext Paris market for a total amount of €44.3 million.
This share capital increase received a broad support from the shareholders of Lacroix Group and new leading institutional investors. This transaction also led to the approval by the French market authority of the very first EU recovery prospectus in accordance with article 14a and annex Va of the Prospectus Regulation as amended by regulation (EU) 2021/337 of February 16, 2021.
This share capital increase, whose subscription period opened from July 9 to July 21, 2021, will broadly contribute to the financing of the development of Lacroix Group as well as its ‘Leadership 2025’ strategic plan. The funds raised will enable Lacroix Group to accelerate the deployment of each of such plan’s focus areas, in particular acquisitions and the strengthening of the technological leadership of Lacroix Group.
Lacroix Group designs and manufactures electronic equipment for its customers’ products, as well as IoT (hardware, software & cloud) and AI solutions, particularly in the industrial, automotive, home automation, avionics and health sectors. Lacroix Group also provides safe, connected equipment for the management of critical infrastructures such as smart roads (street lighting, traffic signs, traffic management, V2X) and the management and operation of water and energy systems.
As a result of this transaction, the market capitalization of Lacroix Group exceeds €200 million.
Portzamparc (BNP Paribas Group) acted as Global Coordinator, Lead Manager and Joint Bookrunner, and Gilbert Dupont (Société Générale Group) as Joint Bookrunner.