Jeantet advises Vertiv (NYSE: VRT) on the sale of its french subsidiary, Vertiv Industrial Systems, and the foreigne assets of its industrial business in the United Kingdom, Turkey, Spain and theUunited Arab Emirates

 

Paris, 10 January 2022 – Jeantet advised Vertiv, a company listed on the New York Stock Exchange (NYSE), on the sale of its French subsidiary Vertiv Industrial Systems (now Chloride) and the foreign assets of its industrial activities in the United Kingdom, Turkey, Spain and the United Arab Emirates, forming the Chloride group, to Innovafonds with the support of the Management and BPI France.

Chloride, which achieved pro forma sales of $90 million in 2021, is one of the world’s leading developers and manufacturers of Uninterruptible Power Supply (UPS) systems for critical installations in the Energy, Transport, Industry and Infrastructure sectors. Chloride employs more than 300 people worldwide and generates 70% of its revenue internationally, where the group has an installed base of nearly 70,000 UPS that it maintains and renovates in operational conditions, often in environments that are hostile to electrical installations (extreme temperatures, salinity, Atex environments, etc.).

Vertiv, a $5 billion US listed company with approximately 21,000 employees and operations in more than 130 countries, formed by Platinum Equity through the acquisition of Emerson’s Network Power business, is a global leader in the development and installation of uninterruptible power systems and critical digital infrastructure in the Energy, Transport and Industry sectors. It is headquartered in Columbus, Ohio, USA.

The Jeantet team was led by Stephen Walters (partner), assisted by Victoria Régis, Stanislas Chaudun and Paul Jolivet (associates), in corporate M&A and Frédéric Sardain (partner) and Sophie Boinnot (associate) in intellectual property.

The following firms also acted as legal counsel to Vertiv: Bellwether Green (John Bingham, Steven Templeton) in Scotland, Baker McKenzie (Enrique Valera, Concha Martin) in Spain, OAU Legal (Erman Oncel, Cemal Umut Uygun) in Turkey and BonelliErede (Marco De Leo) in the United Arab Emirates.

Rothschild Transaction R (Pierre Sader, Adélaïde Cangardel) acted as financial advisor to Vertiv.

For Innovafonds and the Management, Lamy Lexel acted as legal counsel.

Our last press releases

Jeantet advises Thinkproject on its acquisition of Kairnial Group, a market leader in the field of digital solutions in construction

Munich/ Paris, 17 January 2022 – Jeantet advised Thinkproject, a portfolio company of the global investment organization EQT, on its acquisition of Kairnial Group and its subsidiaries, from the French Groupe Gorgé and the management of Kairnial Group. With this transaction, Thinkproject and French market leader Kairnial Group combine their offering to deliver cutting edge common […]

Paris | CORPORATE – M&A – PRIVATE EQUITY | TAX | IP, TECH & DATA | BANK-FINANCE-REGULATORY | EMPLOYMENT

+

Jeantet advises Dzeta in connection with its acquisitions of majority interests in Technigrès and PORT Designs

Paris, January 11, 2022 – Jeantet advised the investment company Dzeta in connection with its acquisitions of majority interests in Technigrès and PORT Designs. Through these two deals, Dzeta confirms its investment diversification policy. Dzeta, which was established in 2009, assists companies in their development strategy and in improving their operational and financial performance through […]

| MERGERS & ACQUISITIONS

+

Jeantet advises Vertiv (NYSE: VRT) on the sale of its french subsidiary, Vertiv Industrial Systems, and the foreigne assets of its industrial business in the United Kingdom, Turkey, Spain and theUunited Arab Emirates

Paris, 10 January 2022 – Jeantet advised Vertiv, a company listed on the New York Stock Exchange (NYSE), on the sale of its French subsidiary Vertiv Industrial Systems (now Chloride) and the foreign assets of its industrial activities in the United Kingdom, Turkey, Spain and the United Arab Emirates, forming the Chloride group, to Innovafonds […]

| CORPORATE – M&A – PRIVATE EQUITY | IP, TECH & DATA

+

Jeantet advises Dzeta in connection with its acquisition of a majority interest in Promosac-Mediprotec

Paris, January 5, 2022– Jeantet advised the investment company Dzeta in connection with its acquisition of a majority interest in Promosac-Mediprotec. Dzeta, which was established in 2009, assists companies in their development strategy and in improving their operational and financial performance through investments in many sectors such as business services, B2B or B2C distribution, industry, […]

| CORPORATE – M&A – PRIVATE EQUITY | BANK-FINANCE-REGULATORY

+

Jeantet advises Global Bioenergies on its capital increase in favor of a category of persons with a public offering aimed at retail investors via the Primarybid platform for a total amount of €14.5 million

Paris, on December 17, 2021. Jeantet advised GLOBAL BIOENERGIES, an innovative company working on converting plant-derived resources into isododecane and other compounds used in the cosmetics industry, on its capital increase in favor of a category of persons with a public offering aimed at retail investors via the PrimaryBid platform on Euronext Growth Paris market, […]

Paris | LISTED COMPANIES AND CAPITAL MARKETS LAW

+

Jeantet advises Hoffmann Green Cement Technologies in the context of its share capital increase without preferential subscription rights by way of a public offering and with a priority period, on an irreducible basis only, for its existing shareholders on Euronext Growth Paris

Paris, December 2, 2021 – Jeantet advised Hoffmann Green Cement Technologies in the context of its share capital increase without preferential subscription rights of the shareholders by way of a public offering and with a priority period, on an irreducible basis only, for its shareholders and of a global placement on Euronext Growth Paris, for […]

Paris | LISTED COMPANIES AND CAPITAL MARKETS LAW

+

Jeantet advises Kereis Holding (formerly CEP Group) on its acquisition of a majority stake in ASSFI

Paris, 15 November 2021 – Jeantet advised Kereis Holding (formerly Financière Holding CEP) on its acquisition of a majority stake in the brokerage company RB Conseil (ASSFI), an expert in special risks in loan insurance, created in 1990 by Olivier Rolot, subsequently joined in the capital by Valentine Dussagne in 2014. Valentine Dussagne, new CEO […]

Paris | MERGERS & ACQUISITIONS

+

Jeantet advises the deeptech company Quandela on its €15 million funding round

Paris, 16 November 2021 – Jeantet advises the deeptech company Quandela on its €15 million funding round Founded in 2017 by Pascale Senellart-Mardon, Valérian Giesz and Niccolo Somaschi following research conducted at the CNRS C2N laboratory, Quandela develops quantum devices and modules to accelerate the development of quantum communication networks and quantum computers. The €15 […]

Paris | INVESTMENT FUNDS | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises FuboTV on the proposed acquisition of France leading live tv streaming service Molotov SAS

Paris, 10 November 2021 – Jeantet advised fuboTV Inc., the leading sports-first live TV streaming platform which is listed on the NYSE, with respect to the proposed acquisition of France’s number one live TV streaming company, Molotov SAS. The parties have entered into exclusive discussions regarding the proposed transaction expect to finalize the transaction at […]

Paris | MERGERS & ACQUISITIONS

+

Jeantet advised LBO France on the acquisition of a majority stake in Baobag

Paris, September 24, 2021 – Jeantet advised the investment fund LBO France on the acquisition of a majority stake in the French company Baobag, alongside AfricInvest, BNP Paribas Développement and the management team, led by Fabrice Saffré. Founded in 1985, LBO France, the leading private equity firm in France with €6.3 billion of capital raised, […]

Paris | INVESTMENT FUNDS | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises Inventory Planner on its sale to the Brightpearl Group

Paris, September 22, 2021, Jeantet advised Inventory Planner, a leading e-commerce inventory management and forecasting company, and its shareholders on the sale of Inventory Planner to the Brightpearl group, enabling the latter to broaden its technological offering by integrating an inventory management software for e-commerce players. This is a first step in its longer-term strategy to make Brightpearl the market leader in […]

Paris

+

Jeantet advises Rameder group on the acquisition of Scopia

Paris, September 13, 2021 – Jeantet has advised Rameder Group, the European largest supplier of towbars and transport systems, on its acquisition of Scopia, number 2 in France. Scopia is specialized in the sale of towbars and electrical kits, bike carriers, roof boxes, etc. This acquisition enhances Rameder’s position on the French market, after the […]

Paris | MERGERS & ACQUISITIONS

+