For its first private placement of two bond issues totalling 50 million euros with two French institutional investors, ID Valeurs, the holding company of the ID Group, was advised by Veil Jourde.
ID Valeurs completed the placement successfully with:
- An initial issue of 20 million euros of bonds admitted for trading on the EuroMTF market of the Luxembourg Stock Exchange, all of which was placed with the Fédéris Core Euro Crédit 2019 fund managed by Fédéris Gestion d'Actifs.
- A second issue totalling 30 million euros, placed with the Novo1 SME bond fund.
The objective of ID GROUP -which owns OKWorld, the brands Okaïdi, Obaïdi, Jacadi, Oxybul, Eveil&Jeux, Véronique Delachaux and Rigolo Comme La Vie and the IDKids concept- is to become a major global provider of socially-aware products and services for children that promotes the welfare of children worldwide.
For this placement ID Valeurs and ID Group were advised by the law firm Veil Jourde, with Géraud Saint Guilhem (partner) and Antoine Ricol (associate) advising on corporate issues, and Hervé Pillard on financing.
Société Générale Corporate & Investment Banking, the lead arranger for both issues, was advised by Marc-Etienne Sébire (partner), Rosetta Ferrère and Charles Tissier of CMS Bureau Francis Lefebvre.
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