Orrick Advises Gascogne Group on its Successful Rights Issue

1 minute read | December.09.2024

Version Française : Orrick conseille le Groupe Gascogne dans le cadre de son augmentation de capital

Orrick has advised Gascogne Group on its successful rights issue.

Gascogne is active across the whole wood-paper-packaging sector and is listed on Euronext Growth.

The entire proceeds from the capital increase with preferential subscription rights strengthen Gascogne's shareholders' equity and the financing part of the project to acquire the new paper machine based at the Mimizan site, in the amount of €21 million, of which €10 million has already been contributed by Attis 2 in the form of a bridge loan at the end of 2023 (and converted into capital at the time of this capital increase) and the balance of €11 million which has been contributed by the completion of the capital increase.

The rights issue has received the AMF visa n°24-479 and the capital increase has been fully subscribed.

The Orrick team comprised:

Alexis Marraud des Grottes (Partner), Julien Beloeil (Of Counsel), and Marc-Antoine Souvira (Associate) on the corporate and securities law aspects; and
Jessie Gaston (Partner) and Maïten Le Brishoual (Senior Associate) on the tax aspects.

Moncey Avocats advised Biolandes and Attis 2, with Pierre-Alain Bouhénic, Fabrice de la Morandière and Mikaël Brainenberg.

CIC Market Solutions was Gascogne’s financial advisor.

Related Lawyers

Alexis Marraud des Grottes Partner, Mergers & Acquisitions, Private Equity

Paris

See my bio

D:+33 1 5353 7500
E: [email protected]

Practice:

Mergers & Acquisitions
Private Equity
Equity Capital Markets

vCard

See full bio

Alexis Marraud des Grottes Partner

Paris

Recommended by Legal 500 EMEA in Mergers & Acquisitions, Alexis is key counsel to French and international listed and non-listed companies, private equity and hedge funds, managers, boards and families.

He advises on investments and divestments, securities issues, cross-border and complex transactions, strategic negotiations and sensitive litigation. He is "one of the best players in the market" (Legal 500) and is an authority on issues related to governance, restructuring, as well as on shareholder activism.

Alexis has advised many world leading companies, including: Herige in the sale of its trading branch (materials, public works and natural stones) to Samse, BAE Systems in the acquisition of Eurostep, Alcentra and Fidera in their investment in Pierre & Vacances, Air France-KLM in its relations with KLM and the Dutch State, Veolia on the acquisition of Suez, LVMH in the acquisition of Tiffany, Euro Disney regarding the tender offer of The Walt Disney Company, L’Oréal on a share buyback from Swiss-based Nestlé and a sale to Nestlé of its stake in Galderma, and Club Med on the tender offer by Chinese conglomerate Fosun. He has also advised Oeneo in connection with the tender offer of its controlling shareholder, Naturex in connection with a takeover bid by Givaudan, the board of directors of Zodiac in relation to its merger with Safran, and Metrovacesa sale of its stake in Gecina. He additionally deals with issues related to token and crypto-currency and crypto-assets issues, including structuring and setting up issuing entities and related services.

Alexis regularly publishes and intervenes in conferences and provides training on capital market, governance and M&A and he regularly lectures at the business school EM Lyon and Paris Dauphine University. He has been a member of several working groups, including the working group on public offers of the Legal High Committee for Financial Markets of Paris. The French Financial Market Authority (Autorité des marches financiers - AMF) has invited Alexis to join its consultative Commission on Disclosures and Corporate Finance as a capital markets law specialist.

Jessie Gaston Partner, Tax, Real Estate

Paris

See my bio

D:+33 1 53 53 7248
E: [email protected]

Practice:

Tax
Real Estate
Finance

vCard

See full bio

Jessie Gaston Partner

Paris

With almost 20 years’ experience, Jessie has advised clients in the private equity, insurance, banking, technology, energy (including nuclear), hospitality, and luxury goods industries, including Antin Infrastructure, AXA REIM and AIG on, amongst others, the consequences of Brexit, transfer pricing audit issues, intellectual property rights, stock option incentives packages, management compensation schemes and structuring multinational joint ventures. Jessie offers clients strategic tax planning and is adept at liaising with the relevant authorities to minimize the risk of litigation and, when necessary, assists clients in litigation proceedings both before the French courts.

Jessie is “an excellent lawyer” “highly skilled” and “an exceptional team leader who thinks out of the box” (Client Commentary, Legal 500 EMEA) as well as being a Highly Regarded Practitioner (ITR World Tax, 2023); the Thomson Reuters Foundation also nominated her as Lawyer of the Year for pro bono. She has acted as expert witness before the New York State Supreme Court, is frequently interviewed by Bloomberg, LCI, and quoted by the BBC concerning tax regimes for tech companies in Europe.

Before joining Orrick Jessie worked for one of the leading auditing and consulting services firms in the world and the Paris office of two multinational law firms.

Related Areas

Markets

France