Cegedim: Successful sale of Cegedim shares held by Bpifrance for an amount of c.59 million euros
February 13 2018 - 1:01AM
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
BpifranceHead of Investor and media relationsTel. : +33 (0)1 41 79
99 10as.defaucigny@bpifrance.fr |
Nathalie
PoliceBpifranceInvestor and media relationsTel : +33 (0)1 41 79 95
26nathalie.police@bpifrance.fr |
|
Aude
BalleydierCegedimMedia Relationsand Communications ManagerTel.: +33
(0)1 49 09 68 81aude.balleydier@cegedim.com |
Jan Eryk
UmiastowskiCegedimChief Investment Officerand head of Investor
RelationsTel.: +33 (0)1 49 09 33 36janeryk.umiastowski@cegedim.com
|
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