We advised Clariane on its refinancing transactions

Davis Polk advised Clariane SE on a reserved share capital increase including the issuance of 35,423,076 new shares with a par value of €0.01, for an aggregate amount of €92 million and a rights offering of 213,588,456 new shares with a par value of  €0.01, at a subscription price of €1.11 per new share, for an aggregate amount of €237 million, pursuant to a public rights offering in France and private placements to institutional investors outside France, including in the United States.

Clariane, headquartered in Paris, France, operates in three main areas of activity: long-term care nursing home, specialized care facilities and services, and alternative living solutions serving approximatively 900,000 residents and patients in six European countries.

The Davis Polk corporate team included partners Reuven B. Young and Leo Borchardt and associate Majd Atalla. All members of the Davis Polk team are based in the London office.

Copy link to share post