- Mergers & acquisitions
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- Equity capital markets
DIGIGRAM is a listed company on EURONEXT C of EURONEXT Paris, which had been engaged in the development and marketing of audio solutions for professional radio markets. This historic operational activity was brought to a subsidiary DIGIGRAM DIGITAL in July 2020.
As of March 10, 2020, EVERGREEN has acquired from various DIGIGRAM shareholders various blocks of shares, representing a total of 54.43% of the capital. EVERGREEN will file a simplified takeover bid with AUTORITE DES MARCHES FINANCIERS in accordance with current regulations. In conjunction with this block buyback, a pool of investors made up of certain DIGIGRAM ceding shareholders acquired all of DIGIGRAM DIGITAL’s shares. As a result, DIGIGRAM has become a company without operational activity called a “Shell Company”.
EVERGREEN, a holding company dedicated to investing primarily in the field of ecological transition (renewable energy, energy efficiency, wood energy, etc.), intends to proceed with a merger-absorption of EVERGREEN by DIGIGRAM, with the objective of listing the merged entity in order to accelerate the development plan of EVERGREEN.
EVERGREEN will thus be able to use the listed vehicle and continue all of its activities related to renewable energy by accessing new sources of financing in the future.
ATOUT CAPITAL advised DIGIGRAM shareholders on this transaction.
This transaction is the 8th of its kind carried out by the ATOUT CAPITAL teams on EURONEXT C and demonstrates once again the ability of ATOUT CAPITAL to identify and carry out complex stock exchange transactions.