Press Release
Fagron, a group specialized in the development, marketing and distribution of healthcare products and services intended for healthcare professionals and institutions, has successfully issued a US private placement which was subscribed by the private capital business of PGIM, Inc.
This $125 million US private placement was issued with a 12-year bullet maturity pursuant to a private shelf facility, and includes the option for Fagron to potentially draw down up to a further $100 million of US private placement debt.
The proceeds from the transaction will be used for investments in North America.
For this transaction, the teams of CMS (France, Belgium, The Netherlands and Poland), FAS Advogados (CMS' cooperation partner in Brazil) and Morgan, Lewis & Bockius LLP (US), coordinated by Marc-Etienne Sébire, Partner and Global Co-Head of the CMS Banking & Finance Group, comprised:
- CMS France: Marc-Etienne Sébire, partner, Myriam Issad, counsel, Pierre Maunand, associate, and Natan Bisson-Kocanski, juriste, for Capital Markets matters;
- CMS Belgique: Benoît Vandervelde, partner, and Zahra Verstraeten, associate, for Capital Markets matters, and Arnout Vaninbroukx, counsel, for Tax matters;
- CMS Netherlands: Etiënne Courbois, partner, and Camiel de Zoeten, associate, for Banking & Finance matters;
- CMS Poland: Michał Mężykowski, partner, and Kamila Singer, senior associate, for Capital Markets matters;
- FAS Advogados: Renan Valverde Granja, partner, and Felipe Tanabe and Lucas Aguiar, associates, for Capital Markets matters, and Renata Homem de Melo and Carla Anastácio, partners, and Vinicius Tambasco, associate, for Corporate matters; and
- Morgan, Lewis & Bockius LLP: Heather Lynn Wenzel, Christopher E. Lawrence and John A. Hreno, partners, and James Mead and Tristan C. Deering, associates, for Finance matters, Randy McGeorge, partner, for Employee Benefits/ERISA matters, and Jason P. Traue, partner, for Tax matters.
Fagron was advised by Allen Overy Shearman Sterling LLP.
