EXEL INDUSTRIES :First Bond Issue on the Euro PP market for the EXEL Industries Group
(Thomson Reuters ONE) -
PRESS RELEASE
Paris, May 18, 2016
First Bond Issue on the Euro PP market
for the EXEL Industries Group
Paris, May 18, 2016 - EXEL Industries, a world leader in spraying, announced the
finalization of its first bond issue of ?30 million, arranged by LCL and
underwritten by NOVO 1 (BNP Paribas Investment Partners). This transaction makes
it possible for the EXEL Industries Group to diversify its financing sources, in
the context of the globalization of its operations.
Guerric Ballu, CEO of EXEL Industries Group, said: "We have just finalized our
first debt disintermediation transaction, under attractive market conditions.
This bond issue extends the maturity of our funding and makes it possible to
match the U.S. acquisition of January 2016 to long-term funding. Our financial
strategy is aimed at supporting our international development, reinforcing our
balance-sheet structure, and establishing the leadership of the EXEL Industries
Group in each of its markets: Agricultural Spraying, Garden Spraying and
Watering, Sugar Beet Harvesting and Industrial Spraying."
Richard Laborie, Director of Markets, Consulting and Financing of LCL added
that: "This transaction illustrates the willingness and capacity of LCL to be
the bank of reference for mid-tier companies, by offering them all of the
possible financing solutions. Through this transaction, EXEL Industries is
acquiring new means in order to finance its growth, particularly
internationally."
"This investment aligns perfectly with Novo 1's strategy, which aims to support
growth projects of French SMEs and mid-tier companies. With this investment, we
will have soon invested close to ?700 M as part of the management of this fund.
With regard to EXEL Industries, we have been particularly won over by the
Group's development record, based both on organic growth, but also owing to some
structuring acquisitions, as well as by its strong ability to innovate and to
conquer new markets, all while preserving its cash-flow," continued Eric
Lagoutte, in charge of the transaction at BNP Paribas Investment Partners.
This transaction was advised with respect to its legal aspects by the CMS Bureau
Francis Lefèbvre firm.
Participants:
+-------------------------+-------------------------+--------------------------+
| Company | Role | Participants |
+-------------------------+-------------------------+--------------------------+
|EXEL Industries |Underwriter |Guerric Ballu, Sylvain |
| | |Rousseau |
+-------------------------+-------------------------+--------------------------+
|LCL |Arranger |Laurent Peyrot, Ludwig |
| | |Hsia |
+-------------------------+-------------------------+--------------------------+
|NOVO 1 (BNP Paribas |Investor |Eric Lagoutte, Henri de |
|Investment Partners) | |Rochebrune |
+-------------------------+-------------------------+--------------------------+
|CMS Bureau Francis |Legal Counsel to |Marc-Etienne Sébire, |
|Lefèbvre |Investors |Florie Poisson, Charles |
| | |Tissier |
+-------------------------+-------------------------+--------------------------+
Regarding EXEL Industries: www.EXEL Industries.com,
facebookexelindustries, (at)EXEL_Industries
The main business line of EXEL Industries is spraying, for agriculture (world
leader) and industry. The Group also competes in the consumer watering products
market (European leader) and in sugar beet harvesters (world leader). EXEL
Industries' goal is to develop itself in its markets and to do so through
constant innovation and a globalization strategy. EXEL Industries employs
approximately 3,650 people in 29 countries on 5 continents.
NYSE-Euronext Paris, SRD Long, CAC Mid&Small 190
EnterNext© PEA-PME 150 Index (Mnemo EXE / ISIN FR0004527638)
Regarding LCL
LCL, a subsidiary of Crédit Agricole SA, is one of the largest retail banks in
France. LCL is a community bank which today has 20,000 employees in the service
of 6,000,000 individual clients, 330,000 business clients, and 28,000 corporate
and institutional clients.
LCL Banque des Entreprises has 69 geographical locations dedicated to French
businesses (with revenue greater than ?7 million) and to the subsidiaries of
foreign groups in France. The Banque des Entreprises is active in two major
business lines: commercial banking (domestic and international flows, short-,
medium- and long-term financing, investments) and "corporate finance", an
activity specialized in particular in transactions involving the transfer and
buy-out of companies.
Regarding BNP Paribas Investment Partners
BNP Paribas Investment Partners is the branch of operations specialized in the
management of the assets of the BNP Paribas Group. BNP Paribas Investment
Partners offers a full range of asset management service to both institutional
and private investors throughout the world. Present in 35 countries(1), BNP
Paribas Investment Partners has over 3,000 employees(1), including 600
investment professionals(1). Its total amount outstanding is ?521 billion(1).
For further information, refer to www.bnpparibas-ip.com.
(1)Source: BNP Paribas Investment Partners, on March 31, 2016: assets under
management and advised.
Regarding the Novo 1 fund
The Novo 1 fund, launched in 2013 and managed by BNP Paribas Investment
Partners, is an SME and mid-tier bond fund initiated by the Caisse des Dépôts
and insurance companies, with the support of the Fédération Française des
Sociétés d'Assurance. It has as its goal to bring new financing solutions to
French SMEs and mid-tier companies, in order to ensure their development.
Press contacts:
+--------------------+----------------+----------------------------------------+
| | | |
|EXEL Industries |Sylvain Rousseau|+33 (0)1 71 70 49 50 - |
| | |sylvain.rousseau(at)exel-industries.com |
| | | |
+--------------------+----------------+----------------------------------------+
| | |+33 (0)1 42 95 54 77 - |
|LCL |Olivier Tassain |olivier.tassain(at)lcl.fr |
| | | |
+--------------------+----------------+----------------------------------------+
| | | |
|BNP Paribas |Sandrine Romano |+33 (0)1 58 97 74 49 - |
|Investment Partners | |sandrine.romano(at)bnpparibas.com |
| | | |
+--------------------+----------------+----------------------------------------+
CONTACT PERSONS
Guerric Ballu Sylvain Rousseau
Group Chief Executive Officer Group Financial
Director / Investor Relations
Sylvain.Rousseau(at)exel-
industries.com
Tel.: +33 (0)1
71 70 49 50
EI First bond issue on the Euro PP Market:
http://hugin.info/143456/R/2013713/746339.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EXEL INDUSTRIES via GlobeNewswire
[HUG#2013713]
Unternehmensinformation / Kurzprofil:
Datum: 18.05.2016 - 18:30 Uhr
Sprache: Deutsch
News-ID 472101
Anzahl Zeichen: 9450
contact information:
Town:
Epernay cedex
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 323 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"EXEL INDUSTRIES :First Bond Issue on the Euro PP market for the EXEL Industries Group"
steht unter der journalistisch-redaktionellen Verantwortung von
EXEL INDUSTRIES (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
