Alantra Investment Banking Activity Review September 2024

Alantra advised Vandemoortele on the acquisition of Banneton Bakery, a leading U.S. manufacturer of premium frozen croissants, danishes, and other upscale pastry items.

Alantra advised CedarBridge Capital Partners on its successful exit from TGCH, facilitating the sale of the company to Omorfia Group. Omorfia Group is a leading beauty company majority owned by Multiply Group, an Abu Dhabi-based investment holding firm.

Alantra advised the Apax Global Impact Fund on the acquisition of a controlling stake in Integrated Environmental Solutions, a global climate tech company delivering innovative software solutions and consultancy services to help decarbonise buildings and the built environment.

Alantra advised John Wood PLC and Siemens Energy AG on the sale of EthosEnergy, a global independent service provider for rotating equipment for customers in the power generation, energy, industrial, and aerospace and defense markets, to One Equity Partners L.P., a middle market private equity firm with c. $10bn in assets under management.

Alantra advised Trill Impact, a firm dedicated to being a thought leader and driving positive change through impact private investments, on its partnership with TT Medic Group. TT Medic Group is a developer, manufacturer, and cleanroom processor of high-quality plastic components for the life sciences industry.

Alantra advised Groupe Montaner Pietrini Boissons on the sale of a 10% minority stake to Groupe LFPI. The transaction also included a €25mn mezzanine investment and the refinancing of the Group’s senior debt, culminating in a total deal value of €132mn.

Alantra advised Banca March and Meliá International Hotels on the financing of a three-hotel portfolio in Spain. The portfolio comprised the Meliá Fuerteventura and Innside Fuerteventura in the Canary Islands and the recently renovated Meliá Ibiza.

Alantra acted as the sole financial advisor and global coordinator for Orange Bank in the sale of its banking platform in Spain, which included the intellectual property and its associated workforce, to Ibercaja. This transaction marked the final phase of a three-part divestment process in Spain, which also involved the transfer of clients and the sale of two loan portfolios with a face value of approximately €850mn to Banco Cetelem (90% performing).

Alantra acted as Co-Arranger and Joint Lead Manager for EDP – Energias de Portugal in its largest electricity tariff deficit receivable securitization under the Volta program and the largest Portuguese ABS placed post financial crisis, enabling the sale of c.€898mn of the 2024 tariff deficit.

Alantra advised NextGeo on its Initial Public Offering and listing on the Euronext Growth Milan. The shares of NextGeo commenced trading on 22 May 2024. Alantra acted as Euronext Growth Advisor and Joint Bookrunner, together with Banca Intesa.

Alantra acted as Co-Lead Manager in a €920mn capital increase for Merlin Properties. The shares were sold to institutional investors through an accelerated private placement and will be listed on the Madrid, Barcelona, Bilbao, and Valencia stock exchanges.