After the acquisition of Hôpital Privé d’Ambérieu, C2S, owned by Bridgepoint since 2011, is developing its business in Bourgogne-Franche-Comté region by taking over four clinics of Avenir Santé.  

C2S, a corporate group dedicated to the private hospitalization sector which was holding eight facilities with a total business turnover of 120 M€ in 2015, anticipates a turnover of 170 M€ for the next year (with 2,000 employees).

LL Berg (Grine Lahreche and Christophe Bornes) advised the Management team.

Smile, European leader and expert of the integration of Open Source solutions, acquires, with the support of its financial investors Keensight Capital and Edrip, the group Open Wide.

The new entity will have more than 1.000 employees and a turn over in the range of 70 M€ spread across 9 countries and 18 agencies, allowing to the new group to position itself as the only player « One stop shop » of Open Source in Europe.

Smile was advised by LL Berg (Olivier Abergel, Gaëlle Quillivic, Julien Carrascosa and Olivier Legrand).

Assignors was advised by Dechert (François Hellot and Magali Stuber).

Founded in 1995, ACE is a major player in the mortgage brokerage arena in France. ACE finds and negotiates the most suitable mortgage terms for property buyers. With nearly 10,000 loans brokered annually, ACE represents more than 5% of the French mortgage market, with a volume of about € 2 billion.

This transaction, which allows the Group to finance the consolidation of 100% of its business scope, sees two of its key executives enter into the capital, alongside Edmond de Rothschild Investment Partners as a minority investor with approximately 30% of the capital. The equity investment was complemented with bank financing raised from Banque Populaire Rives de Paris and the Caisse d’Epargne Ile-de-France.

LL Berg (Olivier Abergel, Gaëlle Quillivic, Clément Dégot and Sophie Plassart ) advised the group, Delaby Dorison (Emmanuel Delaby) was in charge of the Tax structuring and Crédit Suisse Mid-Caps acted as financial advisor.

Granrut advised Edrip.

Allowing consumers to shop online at local hypermarkets, Monsieurdrive.com has opened its shareholding to the norvegian group Schibsted Growth, shareholder of Leboncoin.fr and 20 Minutes.

Monsieurdrive.com was advised by LL Berg (Olivier Abergel and Christophe Bornes).

Schibsted Growth (Marc Brandsma) was advised by Gide Loyrette Nouel (Pierre Karpik).

Cegedim Relationship Management and Primeum today announced that they have formed a joint venture to globally deploy the Primeum incentive and compensation solution through the Cegedim cloud infrastructure, with the resultant company named Primeum-Cegedim SAS. Cegedim Relationship Management is the Life Sciences industry’s leading global provider of Customer Relationship Management (CRM), Regulatory Compliance, Data and Marketing solutions.

Cegedim employs 8,200 people in more than 80 countries and generated revenue of €922 million in 2012.

Primeum is a leading provider of sales force incentive and compensation solutions.

Cegedim (Olivier Scarsetto, Anna Guillaume and Christelle Vivet) was advised by LL Berg (Olivier Abergel and Gaëlle Quillivic).

Primeum (Christophe Ventura and Yvon Prévot) was advised by LMBE (François Veuillot).

Founded in 2000 by three young French entrepreneurs, and initially funded by HighCo and later on by Turenne Capital, Mediastay is a leading online sweepstakes publisher (Kingolotto.com, Luckysurf.com…) and a major publisher of casual games (Yacado.com, Diamondsquest.com…). The games are monetized by lead generation, by the company’s own offer-based payment solution (OfferMatch) and by microtransactions. Its brands count more than 25 million members in 14 countries, with 7 million unique visitors per month (Source: Nielsen). Mediastay’s monetization technologies are used on its own web sites, third-party partner web sites as well as on Facebook applications. Known for its solid expertise, Mediastay also became the first French advertising company to be accredited by Facebook to provide advertising solutions for application developers.

LL Berg (Olivier Abergel and Anne Lafont) advised Turenne Capital and HighCo, former investors in Mediastay.

Européenne des Desserts and existing investors Azulis and Céréa Capital have purchased Delmotte SA and 3 Abers.

The group records a turnover of €118M and counts 800 employees.

Equity, Tax and Banking : LL Berg, (Olivier Abergel, Christophe Bornes and Gaelle Quillivic).

Management : Gloaguen Helouet (Bruno Gloaguen).

LL Berg intervened as legal advisor within the framework of the association between OFI Private Equity and Céréa Capital and Céréa Mezzanine in the context of a tender offer on Leon de Bruxelles.

This association has been realised by (i) a growth capital and (ii) an issuance of bonds with warrants attached. 12 million of actions and 16 million of bonds with warrants have been issued to OFI Private Equity. A part of these actions and bonds with warrants have been immediately sold to Céréa Capital and Céréa Mezzanine. This association will allow to repay a part of the LBO debt from the tender offer.

LL Berg (Olivier Abergel and Christophe Bornes) represented Céréa Capital and Céréa Mezzanine (Gilles Sicard, Antoine Sage, Pierre Geerolf and Catherine Réquier).

Mecadaq Group becomes a stronger reference partner in the high precision manufacturing for the aerospace industry market and extends his expertise and his customer portfolio by acquiring RBDH Marignier, a corporate group dedicated to the precision gear manufacturing.

This transaction was entirely sponsored by a funding line set up throughout the LBO operation in December 2015 led by Activa Capital with Mecadaq Group’s management team.

LL Berg (Grine Lahreche and Christophe Bornes) advised Mecadaq Group.

Ardian, the independent private investment company, announces the sale of its minority stake in Novarc, a specialist in electrical safety equipment and maintenance products for the automotive sector, to Bpifrance and its financial partners. The transaction is subject to the approval of competition authorities.

The group now has 14 production sites. Novarc has experienced strong organic and external growth. These changes have helped Novarc’s turnover increase from €78 million in 2011 to €115 million expected in 2015.

Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$50bn managed or advised in Europe, North America and Asia.

Ardian (Arnaud Dufer and Alexis Lavaillote) was advised by LL Berg (Olivier Abergel, Gaëlle Quillivic and Olivier Legrand).

Thanks to the acquisition of 100% of the share capital of its main competitor Domifacile, Bien à La Maison, a private supplier of home services for senior or dependent persons is about to become one of the French leaders.

The new entity has a turnover of about 50 million Euros and generates an EBITDA margin between 8% and 10%. The new group operates from 49 agencies and employs about 3.000 people.

This external growth operation was financed through a listed acquisition vehicle Turenne Investissement and through a bank debt raised from Neublize OBC, Caisse d’Epargne and CRCA Loire-Haute-Loire.

Thanks to this operation, Bien à la Maison becomes the first national independent and integrated player.

LL Berg (Olivier Abergel, Gaëlle Quillivic, Christophe Bornes, Julien Carrascosa and Sophie Plassart) advised Bien à la Maison.

DC Advisory (Arnaud Dubois) and Delsol Avocats (Emmanuel Kaeppelin) advised Domifacile.

LL Berg advised Turenne on the sale of 5 ACCOR hotels

ACCOR has sold 5 Hotels to a new investment fund managed by Turenne and specialised in Hotels and Resorts.

The 4* hotels are located in Paris-Roissy, Lyon, Marseille, Lilles and Bordeaux, and will be managed by ACCOR.

Turenne Capital (Alexis de Maisonneuve and Benjamin Altaras) was advised by LL Berg (Olivier Abergel and Julien Carrascosa) on the due diligences and the Structuring matters.

L’ARGUS has led a first round of investment in Avenir Developpement Durable (ADD).

ADD is manufacturing a system preventing from fuel theft.

ADD was advised by LL Berg (Olivier Abergel, Julien Carrascosa).

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Computacenter plc, Europe’s leading independent provider of IT infrastructure services, announces that its subsidiary, Computacenter France SA, has acquired Top Info SAS and its subsidiaries, an information technology reseller of hardware, software and services, based in Paris, France.

Top Info currently operates from 4 locations in France and employs circa 240 people. Top Info primarily provides IT infrastructure product and supporting services to large corporations and the public sector in France. Their customer portfolio includes leading French companies such as SNCF, Crédit Agricole and EDF.

In the year ended 31 December 2010, Top Info’s PBT totalled a turnover of €147.2 million.

LL Berg (Olivier Abergel and Gaëlle Quillivic) acted as legal counsel of Managers and financial shareholders (IDI, Avenir Entreprise, CIC, OBC).

Natixis Finance (Dominique Benet and Jérôme Caldeira) acted as financial advisors.

Cegedim, a global technology and services company specializing in the healthcare field, announces the acquisition of Deskom, a leading French B-to-B invoice dematerialization company. The deal is an opportunity for Cegedim EDI, its professional electronic data management department, to build on its leadership in the field.

The world leader in life sciences CRM, Cegedim is also one of the leading suppliers of strategic healthcare industry data. Cegedim employs 8,200 people in more than 80 countries and generated revenue of €922M in 2012. Cegedim SA is listed in Paris (EURONEXT: CGM).

LL Berg (Olivier Abergel and Gaelle Quillivic) acted as legal advisor of sellers.

LL Berg intervened as legal advisor within the framework of the acquisition of Buffalo Grill restaurants from Colony Capital by LBO.

Buffalo Grill, a leader of steakhouses, recorded a turnover of €573M in 2011 and has more than 328 outlets.

This acquisition has been realised at the instigation of Abenex Capital, Natixis Private Equity and Céréa Capital (funds specialised in Agro-Food).

LL Berg (Olivier Abergel, Christophe Bornes and Capucine Reme) represented Céréa Capital (Gilles Sicard and Antoine Sage).

FCDE (400 M€ under management) and BPI took a minority stake in NES Group, pure player of the cyber security.

NES Group is currently one of the main independant French player of cyber security sector. Organized around two entities, NES Group is a global player in the chain offering innovative, full and complementary services as well as integration and engineered solutions of security.

LL Berg (Gaëlle Quillivic, Julien Carrascosa, Pauline Borczuch) have been involved in transactional and financing aspects on behalf of the majority shareholders.

CGR Legal (Philippe Raybaud) advised FCDE.

Keensight Capital, a leading player in European Growth Private Equity (which completed the final closing of its new fund Keensight IV for €250 million) has taken a stake in SmartTrade Technologies, a financial software provider for trading desks and worldwide leader on its market.

Founded in 1999, SmartTrade Technologies develops and markets software and technology for trading floors. Its liquidity management solutions enable financial institutions to develop high-performance trading platforms for every asset class and all trading protocols throughout the world.

The company has developed a particular expertise in providing software solutions for currency and fixed-income trading, a market segment in which it has become a world leader.

SmartTrade, whose teams are located across 4 continents, with offices in London, New York, Tokyo and Singapore, has achieved strong year-on-year growth over the past 5 years.

Keensight Capital enjoys a recognized expertise in the «Fintech” sector and intends to partner with smartTrade Technologies and its management, which is keeping a stake in the company, in order to contribute to its ongoing international development, by both organic and external growth.

LL BERG (Grine Lahreche, Gaëlle Quillivic and Olivier Legrand) and Bryan garnier (Thibaut De Smedt) advised Keensight Capital.

Renault Thominette Vignaud Reeve (Olivier Renault and Juliette Bordat) and Appleby Capital advised the sellers and SmartTrade Technologies.

Motion Equity Partners announced the acquisition from Céréa Capital of Celluloses de la Loire (CDL), the European leading manufacturer of moulded cellulose packaging. CDL is specialized in the manufacture of egg trays. It is one of the major actors of the poultry packaging market which constitutes its main commercial market. CDL also sells inserts («Family packs”) and egg boxes to agricultural cooperatives and specialized distributors. The company also sells a range of medical single-use products and packaging for fruits and vegetables. Located in France and UK, its production site products more than 800 million of items per year for the European market. Historical leader on the French market, CDL distributes its products in more than 40 countries and makes 66% of its turnover from export.

CDL was advised by LL Berg (Olivier Abergel, Julien Carrascosa, Gaëlle Quillivic and Marc Huynh), Bucéphale Finance (Romain Petit) and Kepler Corporate Finance (Olivier Dardel).

Latham and Watkins advised the purchaser.

Octopus, the leading investor in solar projects in the UK, has partnered with Lightsource Renewable Energy, who now owns 100% equity in Samfi-Invest 17MW solar PV.

123venture (€ 1 billion in assets under management) has also sold its equity stake in Group Samfi to Octopus.

LL Berg (Olivier Abergel and Julien Carrascosa) was acting as legal adviser of 123Venture (Paul de Fréminville and Jean-Philippe Olivier).

Céréa Capital and Azulis have invested a 51% stake in Groupe Planet Sushi.

Established in 1998, Groupe Planet Sushi has recorded a turnover of 80 M€ in 2012.

LL Berg (Olivier Abergel and Gaëlle Quillivic) advised Céréa Capital (Gilles Sicard, Antoine Sage) and Azulis Capital (Pierre Jourdain, Yann Collignon) on Corporate and Tax issues.

Natixis Lease, Oseo, Groupe Crédit Agricole and 123Venture have led a €80M round of investment in Solairedirect.

Further to this financing, 123Venture acquired 3 solar power plants to Solairedirect.

SolaireDirect is the second Photovolataïc Electricity French Operator.

LL Berg (Olivier Abergel and Christophe Bornes) acted as legal advisor (Corporate and Finance) of 123Venture (Paul de Fréminville, Jean-Philippe Olivier and Anne-Sophie Baal).

Solairedirect was assisted by Lazard (Thomas Picard).

LL Berg advised ENVIRONMENTAL Pulp Products, an industrial company, and Céréa Capital, an investment fund, on the acquisition of an asset of manufacturing of packing in moulded pulp located in Scotland by Barclays Limited.

Established in 1977, this industrial group is specialised in the manufacturing and the commercialization of trays, family packs, and cartons in moulded pulp for (i) packaging and transport of eggs and (ii) for hospital and health professionals. These products are distributed in France and abroad (Europe, Africa and Middle-East).

The deal was structured by LL Berg through an establishment of a Special Purpose Venture in Great Britain, subsidiary incorporated under the laws of England in order to acquire this asset and to develop the British market.

E2P (Bernard Rey) and his reference shareholder Céréa Capital (Antoine Sage) was assisted on Corporate, Tax and Banking issuesby LL Berg (Olivier Abergel, Christophe Bornes and Gaëlle Quillivic).

Galaxy, an investment fund supported by «la Caisse des Dépôts” and its European homologues, created an investment fund specialised in transport infrastructure led by Philippe Mangeard (CEO of Ubifrance and the transport industrial, Modalhor).

The establishment of this fund of Private Equity has been greatly encouraged during the Grenelle Environment Forum.

LL Berg advised the management during the structuring of this fund.