Shearman And Sterling

News December 09, 2014

Shearman & Sterling Advises on Financing of Acquisition of IMV Technologies by Qualium Investissement

Shearman & Sterling assisted Ardian Private Debt as arranger and several funds managed or advised by Ardian Private Debt as subscribers on the €95 million law unitranche financing of the acquisition of the IMV Technologies group by Qualium Investissement from Pragma, which constitutes the third LBO of IMV Technologies.

The financing takes the form of French-law issues of bonds denominated in EUR and USD (the proceeds of which are used to finance the acquisition and the refinancing of the existing indebtedness of the group) and French-law issues programs of fungible bonds (obligations assimilées) denominated in EUR and USD (the proceeds of which will be used to finance future acquisitions by the group).