Shearman And Sterling

News November 12, 2014

Shearman & Sterling Advises on Third LBO of IMV Technologies

Shearman & Sterling advised Ardian Private Debt on a “unirate” bonds financing comprising three tranches (a euro tranche, a dollar tranche and a three-year fungible bonds programme) in the context of the acquisition by funds managed by Qualium Investissement of IMV Technologies Group.

IMV Technologies, a global leader in reproduction and artificial insemination biotechnologies, is on its way to its third LBO four years after its purchase alongside Eurazeo PME by Pragma Capital. After the transaction, Qualium Fund, managed by Qualium Investissement, will become the majority shareholder of the group, with Gilles de Robert de Lafregeyre, IMV Technologies CEO, and certain other members of management who will reinvest in the transaction.