State-owned French bank, Bpifrance, partners on deal.
The Paris office assisted the Impala group in its joint acquisition of the printing firm CPI. The new investors agreed to provide €21m ($28.6 million) in equity and quasi-equity into the business to sustain CPI’s development and restructure its debt, reducing it to €15m. Impala will become the majority shareholder with a 52% stake while Bpifrance, the state-owned French bank, has a 24% stake. The remaining 24% of shares are owned by private investors and management. Impala is a diverse group comprising three divisions – energy, financial and industrial, of which CPI is now a part.
The Willkie team included partner Alexandra Bigot, (restructuring), Special European Counsel Gabriel Flandin, Elise Carrera and Paul Guillemin (corporate), Special European Counsel Philippe Grudé (tax), partner David Tayar and Nicolas Cassauba (antitrust).