Elis Announces €325 Million Capital Increase With Preferential Subscription RightsJanuary 19, 2017
S&C client Elis announced the launch of its capital increase with preferential subscription rights for an aggregate amount of €325 million, which will be conducted through a public offering in France and a private placement to qualified investors outside France (including a private placement by Elis to QIBs in the United States under section 4(a)(2) of the Securities Act).
Elis is a leading multi-services group in Europe and Latin America specialized in the rental and maintenance of professional clothing and textile articles, as well as hygiene appliances and well-being services. Elis's consolidated revenue in 2016 was approximately €1.510 billion.
The S&C team included Olivier de Vilmorin, Seela Apaya-Gadabaya, Kahina Selmouni, Nicolas Karmin and Jérôme Vincent. Krystian Czerniecki advised on U.S. law matters, and Nicolas de Boynes and Alexis Madec advised on tax matters.