Groupe Berkem Announces the Successful Completion of €50 Million Financing Package, Including €43.5 Million Senior Debt and €6.5 Million Recovery Bonds
26 Luglio 2022 - 6:00PM
Business Wire
Regulatory News:
Groupe Berkem, a leading player in bio-based chemicals
(ISIN code: FR00140069V2 - Ticker: ALKEM) (Paris:ALKEM), today
announced the successful completion of a financing with a pool of
six French banks, as well as the issuance of Recovery Bonds in
France.
Anthony Labrugnas, Chief Financial Officer of Groupe Berkem,
stated: "The success of the Group's senior financing
demonstrates the attractiveness of the Company and the confidence
of our banking partners. With its new financial resources, the
Group now has expanded resources to carry out future external
growth operations.”
The financing operation consists of the setting up, for the
benefit of Berkem Developpement, a wholly-owned subsidiary of
Groupe Berkem, of a Refinancing Loan for a total amount of
€12 million (including two tranches of respectively €7.8 million to
be amortized and €4.2 million in fine), a €6.5 million
investment credit facility (including two tranches of €4.2
million and €2.3 million respectively), a €5 million revolving
credit facility and a €40 million external growth credit
facility, of which €20 million are confirmed.
TP ICAP Midcap was the exclusive financial advisor to Berkem
Développement and coordinator of the transaction. Caisse Régionale
de Crédit Agricole Mutuel d'Aquitaine and Helia Conseil were
mandated co-arrangers. The banking pool is composed of 6 lenders:
Caisse Régionale de Crédit Agricole Mutuel d'Aquitaine, Caisse
d'Épargne et de Prévoyance Aquitaine Poitou Charentes, Banque
Palatine, Banque Populaire Aquitaine Centre Atlantique, Crédit
Lyonnais and Banque Postale.
Fieldfisher advised Berkem Développement on senior debt and bond
issues, and Bryan Cave Leighton Paisner advised the senior banking
pool.
€6.5 million of Recovery Bonds subscribed by the
Obligations Relance France fund (an investment fund managed by
Eurazeo Investment Manager) and by the Obligations Relance France -
Eurazeo Investment Manager fund.
Kramer Levin acted as advisor to Eurazeo Investment Manager.
ABOUT THE FRENCH RECOVERY BOND FUND
The French Recovery Bond fund, endowed with €1.7 billion,
subscribed by 19 insurers members of the Fédération Française de
l'Assurance (FFA) and by Caisse des Dépôts, finances SMEs affected
by the health crisis, which invest in their development and
transformation. Part of the Recovery Plan of the Ministry of the
Economy, Finance and Recovery, the French Recovery Bond fund was
created by the insurers and Caisse des Dépôts, in cooperation with
the French Treasury. It benefits from a partial guarantee from the
State.
The Recovery Bonds have a term of eight years; they are
redeemable at maturity; they offer SMEs-ETIs unsecured subordinated
financing which can be obtained from the asset management companies
delegated to manage the fund.
ABOUT GROUPE BERKEM
Founded in 1993 by Olivier Fahy, Chairman and Chief Executive
Officer, Groupe Berkem is a leading force in the bio-based
chemicals market. Its mission is to advance the environmental
transition of companies producing the chemicals used in everyday
lives (cosmetics, food and beverages, construction, public hygiene,
etc.). By harnessing its expertise in both plant extraction and
innovative formulations, Groupe Berkem has developed bio-based
boosters—unique high-quality bio-based solutions augmenting the
performance of synthetic molecules. Groupe Berkem achieved a
revenue of €46 million and an EBITDA margin close to 20% in 2021.
The Group has almost 170 employees working at its head office
(Blanquefort, Gironde) and three production facilities in Gardonne
(Dordogne), La Teste-de-Buch (Gironde), and Chartres
(Eure-et-Loir).
Groupe Berkem has been listed on Euronext Growth Paris since
December 2021 (ISIN: FR00140069V2 – ALKEM)
www.groupeberkem.com
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version on businesswire.com: https://www.businesswire.com/news/home/20220726005821/en/
Groupe Berkem Olivier Fahy,
Chief Executive Officer Anthony Labrugnas, Chief Financial Officer
Tel.: +33 (0)5 64 31 06 60 investisseurs@berkem.com
NewCap Investor Relations
Mathilde Bohin / Nicolas Fossiez Tel.: +33 (0)1 44 71 94 94
Berkem@newcap.eu
NewCap Media Relations
Nicolas Merigeau Tel.: +33 (0)1 44 71 94 94 Berkem@newcap.eu
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