Press release
Paris, 15 December 2021
Levine Keszler advises Groupe Trèves on the strengthening of its equity capital, the refinancing of its senior debt and the raising of €34M in Relance Bonds
The Trèves Group is strengthening its equity capital, refinancing its senior debt and carrying out the first issue of Relance Bonds in France.
The purpose of this operation is to enable the Group to finance its growth – including through international acquisitions – and to meet the challenges of an automotive industry that has been hit by the COVID and semiconductor crises and whose energy transition is accelerating.
Groupe Trèves’ shareholders – the Trèves family and the Fonds Avenir Automobile managed by Bpifrance – have reinvested in the Group as part of the transaction. The Group’s current lenders (consisting of the European Investment Bank and the senior banking pool coordinated by Banque Internationale à Luxembourg as agent and including Banque Internationale à Luxembourg, Bank of China and the Tikehau and Zencap funds) also refinanced the senior debt. Finally, Le Groupe Trèves issued €34 million of Relance Bonds subscribed by the fund managed by Eurazeo IM, on the one hand, and by Tikehau and its partner, Groupement M Capital, on the other.
Groupe Trèves is thus the first French group to benefit from the Relance Bonds, a new scheme guaranteed by the French government for French companies wishing to expand and invest without opening up their capital to outside shareholders.
This refinancing operation will enable the Group to continue its international consolidation, which will be stepped up in 2021 with the acquisition of CTA in the United States and ROI in Italy. In addition, Trèves will be able to continue investing in the development of innovative solutions, focusing in particular on recycled and recyclable products, to support its customers in the energy transition.
Levine Keszler advised Groupe Trèves on this transaction.
Counsel to Groupe Trèves:
Levine Keszler (Serge Levine and Aude Keszler, partners, Pierre Plettener and Rebecca Zbili): structuring, corporate and financing services
Cazals Manzo Pichot de Saint Quentin (Bertrand de Saint Quentin and Xavier Colard, partners): tax matters
Banque Hottinguer (Philippe Bassouls, Partner, Rachid Nait Takourout, Director): financial advice
Banque Internationale du Luxembourg :
Hogan Lovells (Sabine Bironneau Loy, Partner, Maria Klass, Counsel, Alban de Roucy)
Adviser to the European Investment Bank :
De Pardieu Brocas Maffei (Sebastien Boullier de Branche, Partner)
Counsel to Eurazeo and M Capital :
Kramer Levin (Sophie Perus, Partner, Blandine Gény, Counsel, Julie Crastres)
The full press release is attached.
