Faurecia, one of the world’s leading automotive equipment suppliers, announced its successful capital increase providing for pre-emptive rights for existing shareholders launched on 30 April 2009 for an approximate amount of €455.4 million. This capital increase is intended to strengthen the Group’s equity and improve its liquidity.
The transaction was oversubscribed and Peugeot S.A., the majority shareholder, only had to subscribe irrevocably up to the amount of its holding in Faurecia’s share capital.
The transaction was led by Société Générale, acting as Global Coordinator, Joint Lead Manager and Joint Bookrunner with BNP Paribas, Calyon and Lazard-Natixis acting as Joint Lead Managers and Joint Bookrunners.
CMS Bureau Francis Lefebvre advised Faurecia on this transaction with a team comprised of Christophe Lefaillet (Partner) and Thibault Jabouley (Associate) in the Corporate Department.
Gide Loyrette Nouel advised the banks on this transaction with a team comprised of Arnaud Duhamel (Partner), Stéphane Jaffré and Valérie Charreton (Associates) regarding the French aspects, and Christopher Mead (Partner) and Sylvain Dhennin (Associate) regarding the American aspects.
For further information, please contact:
CMS Bureau Francis Lefebvre
Florence Jouffroy +33 1 47 38 40 32
Sylvia Morillo Sierka +33 1 47 38 41 86
Florence de Montmarin - + 33 1 47 03 68 63
CMS Bureau Francis Lefebvre’s corporate activity:
CMS Bureau Francis Lefebvre’s Corporate Department is currently comprised of 40 lawyers, including seven partners: Christophe Blondeau, Isabelle Buffard-Bastide,Jean-Eric Cros, Jacques Isnard, Christophe Lefaillet, Bruno Peillon and Philippe Rosenpick.
The Firm’s corporate activity is ranked fourth for deal volumes under US$ 250M by Bloomberg in 2008 (France) and third in the MergerMarket League Table of Legal Advisers to European M&A (France). Moreover, the Financial Times and MergerMarket Award (France) ranked the Corporate Department as one of the five top M&A teams in 2008.