EEKEM Group Completes Capital Increase in UTI GROUP
Deal News | Nov 08, 2024 | Orrick
At the end of October, EEKEM Group successfully completed a capital increase in UTI GROUP, as advised by law firm Orrick. The capital increase amounted to approximately 2.5 million euros and was subscribed by offsetting claims. Following this transaction, EEKEM Group acquired the entire stake held by Law Informatique in UTI GROUP, increasing its ownership to over 80% of the company. Subsequently, EEKEM Group is set to file a public offer for the remaining shares of UTI GROUP. Orrick's legal team, led by Alexis Marraud des Grottes, provided guidance on corporate and securities law aspects during the transaction.
Sectors
- Corporate Finance
- Legal Advisory
- Publicly Listed Companies
Geography
- France – UTI GROUP is listed on Euronext Paris, and the transaction involves French legal and financial entities, therefore the geography is centered in France.
Industry
- Corporate Finance – The article discusses a capital increase and stake acquisition, which are key components of corporate finance activities.
- Legal Advisory – Orrick's involvement in advising on the legal aspects of the capital increase highlights the role of legal advisory services in such transactions.
- Publicly Listed Companies – UTI GROUP is a publicly listed company on the Euronext Paris, making this relevant to industries involving publicly traded entities.
Financials
- 2.5 million euros – The amount of the capital increase subscribed by EEKEM Group through offsetting claims.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EEKEM Group | Acquirer | Company | The company completing the capital increase to acquire a majority stake in UTI GROUP. |
| UTI GROUP | Target Company | Company | A publicly listed company on Euronext Paris, the subject of the acquisition. |
| Law Informatique | Selling Company | Company | The previous shareholder in UTI GROUP whose stake was acquired by EEKEM Group. |
| Orrick | Legal Advisor | Company | The law firm advising EEKEM Group on corporate and securities law aspects of the transaction. |