Jeantet advises Figeac Aéro in connection with its financial restructuring

 

Paris, April 6, 2022 – Jeantet advises Figeac Aéro (listed on the regulated market of Euronext Paris, compartment B), a reference partner of major aeronautical corporations, in its financial restructuring.

As part of this financial restructuring conducted under the aegis of the French Government’s Interministerial Committee on Industrial Restructuring (CIRI), an agreement was reached between Figeac Aéro and a group of holders of ORNANEs (bonds redeemable in cash and shares) concerning the change in the terms of the outstanding ORNANEs (representing an amount of approximately 88.3 million euros), which were initially due to mature in October 2022. Under this agreement, these holders have undertaken (i) to guarantee the success of the partial repurchase of the ORNANEs set up by Figeac Aéro for a total par value of 20 million euros, and (ii) to vote in favor of the changes to the terms of the ORNANEs (including the extension of their maturity to October 2028, an increase in the conversion ratio and an increase in the coupon rate) which will be put to the vote of the general meeting of the ORNANE holders.

Figeac Aéro has also been working in parallel with its bank creditors to adapt its balance sheet structure. These discussions led to an agreement on a new repayment pattern of the bank loans and on the future implementation of new financing (in particular new EMPs for a total amount of 66 million euros), both of which are adapted to the gradual and foreseeable recovery of Figeac Aéro’s business.

Pursuant to this financial restructuring, Tikehau Ace Capital has also undertaken (i) to subscribe to a reserved capital increase of between 53.5 and 58.5 million euros, and (ii) to acquire Figeac Aéro shares from Mr. Jean-Claude Maillard, CEO and majority shareholder of Figeac Aéro, in an amount of between 4.5 and 9.5 million euros. The final details of this investment will depend on the evolution of the Group’s cash position in the coming weeks. Following these transactions, Tikehau Ace Capital will hold around 27% of the share capital of Figeac Aéro. In addition to its capital investment, Tikehau Ace Capital has undertaken to subscribe to bonds to be issued by Figeac Aéro in the amount of 10 million euros.

These transactions are interrelated and are conditional upon, among other things (i) the approval by the French Financial Markets Authority (Autorité des marchés financiers) of a prospectus in the context of the capital increase to be carried out in favor of Tikehau Ace Capital, (ii) a finding by the Autorité des marchés financiers that there are no grounds to file a mandatory public offer for the Figeac Aéro shares following Tikehau Ace Capital’s joint venture with Mr. Jean-Claude Maillard, and (iii) a favorable vote by Figeac Aéro’s shareholders at a general meeting to be held no later than May 31, 2022.

This financial restructuring should provide Figeac Aéro with the financial means required for its redeployment and allow it to meet its modified financial commitments in the short and medium term.

Our last press releases

Jeantet advises LIDL on the acquisition of 19 supermarkets under the AUCHAN brand

Paris, July 25, 2025 – Jeantet advised the retail chain Lidl on the planned acquisition of 19 supermarkets currently operated under the Auchan banner. Auchan’s employee representative bodies are currently being consulted regarding the contemplated transaction. The completion of the deal remains subject to the fulfilment of several conditions, including clearance from the French Competition […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises a consortium of banks on the financing of the acquisition and refurbishment of hotel Paris-Charles de Gaulle by LUITEN VAN DER VALK GROUP

Paris, July 23, 2025 – Jeantet has advised ING BANK N.V., COÖPERATIEVE RABOBANK U.A. and ABN AMRO BANK N.V., in connection with a structured secured financing to LUITEN VAN DER VALK hotel and leisure group for the acquisition of the SHIR, a company owning the Atrium Hotel & Conference Centre Paris – Charles de Gaulle, […]

Paris | BANK-FINANCE-REGULATORY

+

Jeantet advises DREAMPATH DIAGNOSTICS on the acquisition of a stake by SUMMIT PARTNERS

Paris, July 16, 2025 – Jeantet advised Dreampath Diagnostics, a group specializing in automation and traceability of anatomical pathology samples, on Summit Partners’ acquisition of a minority stake. The transaction aims to accelerate Dreampath Diagnostics’ international growth and strengthen its offering of solutions for digitizing laboratory processes. Founded in 2012, the Dreampath Diagnostics group offers […]

Paris

+

Jeantet advises COGELEC and the shareholders of COGELEC DEVELOPPEMENT, majority shareholder of COGELEC, in the context of the proposed acquisition of COGELEC DEVELOPPEMENT by LEGRAND, prior to the filing of a simplified tender offer on COGELEC shares

Paris, July 11, 2025 – Jeantet advises Cogelec (a company listed on the Euronext Growth Paris market), French specialist of the housing access control, as well as the shareholders of Cogelec Développement, indirect majority shareholder of Cogelec, in the context of the contemplated acquisition of the Cogelec Développement shares by Legrand (a company listed on […]

Paris | CAPITAL MARKETS AND STOCK EXCHANGE LAW

+

Jeantet advises Oxylabs in connection with its acquisition of Scrapingbee

Paris, July 4, 2025 – Jeantet advised Oxylabs, one of the market-leading companies in web scraping solutions, in connection with its acquisition of ScrapingBee, a French fast-growing web scraping company known for its developer-friendly solutions. Through this strategic acquisition, Oxylabs significantly expands the Oxylabs group’s ecosystem as well as its target clientele, now addressing direct […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises AEQUITA on the acquisition of european olefins et polyolefins assets from chemicals group LYONDELLBASELL

Paris, June 27, 2025 – Jeantet acted as French legal counsel to AEQUITA SE & Co. KGaA, a global industrial group headquartered in Munich, in connection with the signing of an agreement and entry into exclusive negotiations to acquire four European olefins and polyolefins assets from chemicals group LyondellBasell. The transaction covers plants located in […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet assists Melvan in its €25 million fundraising to accelerate its development in France

Paris, June 26, 2025 – Jeantet assisted Melvan, a multi-technology renewable energy producer and developer, in opening its capital to a consortium of investors composed of Bpifrance, through its France Investissement Énergie Environnement 2 fund, IDIA Capital Investissement, through its Crédit Agricole Energie & Economie Bas Carbone I fund, and a pool of investors from […]

Paris | CORPORATE – M&A – PRIVATE EQUITY | PUBLIC LAW – PUBLIC CONTRACTS | ENERGY AND NATURAL RESOURCES LAW | BANKING AND FINANCE LAW | EMPLOYMENT

+

Ginestié and Jeantet form a strategic partnership

Paris, June 20, 2025 – Jeantet and Ginestié Paley-Vincent announce the entry into a strategic partnership, effective October 1, 2025. This alliance is based on a common vision of the legal profession, its evolution, and its requirements. This partnership represents a significant milestone in the development of Ginestié Paley-Vincent, which has decided to join forces […]

Paris

+

JEANTET ASSISTS SIRIUS SPACE SERVICES IN ITS ACQUISITION OF S.E.R.M FROM THE FIVES GROUP

Paris, June 19, 2025 – Jeantet advises Sirius Space Services, a player in the space sector, on the acquisition of S.E.R.M (Société d’Études et de Réalisations Mécaniques), a historic precision machining site, accompanied by a strategic partnership with the Fives group and its subsidiary AddUp, a specialist in metal additive manufacturing. With this strategic acquisition, […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

JEANTET ADVISES CENTREON IN CONNECTION WITH ITS ACQUISITION OF QUANTA IO

Paris, June 13, 2025 – Jeantet is advising Centreon, a trusted partner in digital performance monitoring, in connection with its acquisition of Quanta.io, a French software company renowned for its expertise in Web Performance and Green IT. Through this strategic acquisition, Centreon becomes the only private and independent vendor to offer an end-to-end observability platform […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+

Jeantet advises CUREETY in connection with its acquisition of CONTINUUM PLUS SANTÉ

Paris, June 6, 2025 – Jeantet is advising Cureety in connection with its acquisition of the company Continuum Plus Santé, both specializing on remote monitoring for cancer patients.  Through this acquisition, Cureety consolidates its leadership position in remote monitoring in oncology, particularly through better management of the “Hospital-City-Home” care pathway by enabling the involvement of […]

Paris | CORPORATE – M&A – PRIVATE EQUITY

+