Orrick Advises Gascogne Group on its Successful Rights Issue

Version Française : Orrick conseille le Groupe Gascogne dans le cadre de son augmentation de capital

Orrick has advised Gascogne Group on its successful rights issue.

Gascogne is active across the whole wood-paper-packaging sector and is listed on Euronext Growth.

The entire proceeds from the capital increase with preferential subscription rights strengthen Gascogne's shareholders' equity and the financing part of the project to acquire the new paper machine based at the Mimizan site, in the amount of €21 million, of which €10 million has already been contributed by Attis 2 in the form of a bridge loan at the end of 2023 (and converted into capital at the time of this capital increase) and the balance of €11 million which has been contributed by the completion of the capital increase.

The rights issue has received the AMF visa n°24-479 and the capital increase has been fully subscribed.

The Orrick team comprised:

• Alexis Marraud des Grottes (Partner), Julien Beloeil (Of Counsel), and Marc-Antoine Souvira (Associate) on the corporate and securities law aspects; and
• Jessie Gaston (Partner) and Maïten Le Brishoual (Senior Associate) on the tax aspects.

Moncey Avocats advised Biolandes and Attis 2, with Pierre-Alain Bouhénic, Fabrice de la Morandière and Mikaël Brainenberg.

CIC Market Solutions was Gascogne's financial advisor.