CIC Market Solutions consolidates its position as a major player on the Paris stock market

Despite a challenging market backdrop, 2023 was very active for CIC Market Solutions with nine financial transactions carried out by the Equity Capital Market team.

CIC Market Solutions was one of the most active players in the market, with six public offerings carried out as presenting bank.

Among these transactions

• three successfully led to the delistings of Vilmorin&Cie at the beginning of August (Simplified Public Purchase Offer-Squeeze-out initiated by Limagrain), Manutan at the end of February (Simplified Public Purchase Offer-Squeeze-out initiated by the Guichard family) and Serma Group at the end of February (Simplified Public Purchase Offer-Squeeze-out of Serma management, Ardian and of Chequers on Serma)
• three are under way for the shares of SII (Simplified Public Purchase Offer-Squeeze-out initiated by the founders and Blackstone in December), Orapi (public offer initiated by Paredes) and Boiron (Simplified Public Purchase Offer-Squeeze-out initiated by the family, accompanied by EW Healthcare).

The year was also marked by the successful IPO of Arverne Group, following its merger with SPAC Transition in September 2023 and a fundraising of €93m.

Having accompanied Transition since its IPO in 2021, CIC Market Solutions played a major role in this merger as advisor, sole lead manager and bookrunner.

Arverne Group, as the future leader in low-carbon geothermal energy and lithium for the energy transition, now has over €160m in cash to support its development following three transactions (IPO Transition, PIPE and capital increase) with new strategic and financial investors such as ADEME Investissement, Renault and Crédit Mutuel Equity.

Thanks to its expertise in supporting issuers over the long term, CIC Market Solutions also participated as sole lead manager in the following transactions:

• A capital increase by Enogia (a turbine designer active in the energy transition) in July 2023, two years after its IPO;
• A reclassification through the sale of Hunyvers shares (a major player in leisure vehicle distribution) held by certain historical shareholders in March (one year after its IPO in February 2022).

The Equity Capital Markets team at CIC Market Solutions would like to thank its clients for their trust and wish you all the best for 2024!