Cegedim: Successful sale of Cegedim shares held by Bpifrance for an amount of c.59 million euros
February 13 2018 - 1:00AM
Successful sale of
Cegedim shares held by Bpifrance for an amount of c.59
million euros
Paris, 13 February 2018 -
Bpifrance, via Bpifrance Participations, announces the successful
sale of 1,682,146 shares in Cegedim, an innovative technology and
services company for an amount of c.59 million euros.
Anne-Sophie Herelle, Director at
Bpifrance Investissement, explains: "Bpifrance is very pleased to
have taken part in the development of Cegedim since 2009. We
acknowledge the management work to transform the company's business
model and to develop a comprehensive offer of software and digital
data flow management solutions for healthcare and B2B ecosystems.
Cegedim now benefits from strong fundamentals and core shareholders
that allow the Group to look towards the future with
ambition."
Jean-Claude Labrune, Chairman and CEO of Cegedim, adds: "Cegedim
wishes to thank Bpifrance for its support in the transformation of
the Group since its initial investment and through its presence at
the board of directors. This sale will allow the company to grow
and diversify its shareholder base and contribute to increase its
stock liquidity."
This transfer of shares has taken the form of a private placement
via an accelerated bookbuilding process to French and international
institutional investors at a price of 35 euros per share.
Following the settlement,
Bpifrance Participations sells thereby 12% of Cegedim's capital,
i.e nearly its entire stake (15% before the transaction), breaching
downwards the 5% threshold.
Cegedim's free-float increases to
reach now 44% of capital (vs. 32% before the transaction).
In the context of the transaction,
the shareholders' agreement dated 28 October 2009 between M.
Jean-Claude Labrune, FCB (family holding controlled by M.
Jean-Claude Labrune) and Bpifrance as well as the concert between
the parties have been terminated. In addition, Bpifrance
Participations has committed in the context of the shareholders'
agreement amendment for a lock-up on 3% of Cegedim's capital until
28 October 2019.
Oddo BHF has acted as Lead Manager
and Bookrunner for the placement on behalf of Bpifrance
Participations.
This press release does not
constitute a sale offering of securities and the sale of Cegedim
shares by Bpifrance Participations does not constitute a public
offering.
Contributors:
Bpifrance :
Anne-Sophie Hérelle, Marie Artaud-Dewitte, Grégory Lecomte, Andy
Cheremond
Advisors:
ODDO BHF (Vincent Rietzler, Laurent Danino, Sylvain Tessier) and
Solferino Associés (Bernard-Olivier Becker, Camille Chastagner)
About
Bpifrance
Formed by the law of 31 December
2012, Bpifrance (a public sector investment bank) is the outcome of
the merger between OSEO, the FSI, CDC Entreprises and FSI Régions.
Its two shareholders are the French state and the Caisse des
Dépôts. Its object is to support businesses (SMEs, medium-sized
enterprises and larger companies of a strategic importance to the
French economy), from start-up through to stock market flotation,
by providing loans, guarantees and equity. Bpifrance also provides
enhanced support and backing for innovation, export, and external
growth. It is a one-stop shop for entrepreneurs in each region for
all their finance and investment needs. Bpifrance Participations is
wholly-owned by Bpifrance.
For more information:
www.bpifrance.fr - Follow us on Twitter: @bpifrance.
About
Cegedim
Founded in 1969, Cegedim is an
innovative technology and services company in the field of digital
data flow management for healthcare ecosystems and B2B, and a
business software publisher for healthcare and insurance
professionals. Cegedim employs more than 4,200 people in more than
10 countries and generated revenue of €457 million in 2017. Cegedim
SA is listed in Paris (EURONEXT: CGM).
To learn more, please visit:
www.cegedim.com
Press
contacts:
Anne-Sophie de Faucigny
Bpifrance
Head of Investor and media relations
Tel. : +33 (0)1 41 79 99 10
as.defaucigny@bpifrance.fr |
Nathalie Police
Bpifrance
Investor and media relations
Tel : +33 (0)1 41 79 95 26
nathalie.police@bpifrance.fr
|
|
Aude Balleydier
Cegedim
Media Relations
and Communications Manager
Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.com
|
Jan Eryk Umiastowski
Cegedim
Chief Investment Officer
and head of Investor Relations
Tel.: +33 (0)1 49 09 33 36
janeryk.umiastowski@cegedim.com
|
Cegedim_Bpifrance_13022018_ENG
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Cegedim SA via Globenewswire
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