Printerrea Secures Pro XL Assets and Operations Amid Financial Distress
Deal News | Feb 25, 2025 | Osborne Clarke
Printerrea has successfully acquired the assets and operations of Pro XL, a company specialized in the sale, rental, and maintenance of printing equipment. Pro XL, founded in 1998, faced substantial financial distress due to liabilities and was placed under judicial reorganisation by the Montpellier Commercial Court. This led to a transfer plan sanctioned in favor of Printerrea on January 24th. Legal and financial advisors played key roles, including Osborne Clarke advising Printerrea, Jean-François Blanc as the judicial administrator, Vincent Aussel as the judicial representative, Maurice Soued from ECAI as Printerrea's financial advisor, and Charlotte Barthelemy from Astria Avocats acting on behalf of Nicolas Gomar.
Sectors
- Legal Advisory
- Printing and Imaging Solutions
- Financial Advisory
Geography
- France – The judicial proceedings and acquisition involving Pro XL took place under the jurisdiction of the Montpellier Commercial Court in France.
Industry
- Legal Advisory – Osborne Clarke provided legal advisory services to Printerrea during the acquisition process.
- Printing and Imaging Solutions – Pro XL specializes in the sale, rental, and maintenance of printing equipment.
- Financial Advisory – ECAI acted as financial advisor to Printerrea, providing expertise on financial matters related to the acquisition.
Financials
- – The article does not specify the financial terms of the asset transfer or acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Printerrea | Buyer | Company | The acquiring company for Pro XL's assets and operations. |
| Pro XL | Target | Company | A company specialized in printing equipment faced with financial distress. |
| Osborne Clarke | Legal Advisor | Company | Provided legal advisory services for Printerrea in the acquisition. |
| ECAI | Financial Advisor | Company | Provided financial advisory services to Printerrea. |
| Jean-François Blanc | Judicial Administrator | Person | Acted as the judicial administrator during the reorganisation. |
| Vincent Aussel | Judicial Representative | Person | Acted as the judicial representative in the process. |
| Charlotte Barthelemy | Counsel | Person | Acted as counsel for Mr. Nicolas Gomar. |