{"id":4252,"date":"2014-09-20T09:52:06","date_gmt":"2014-09-20T09:52:06","guid":{"rendered":"https:\/\/capitalmind.eu\/?post_type=deals&#038;p=4252"},"modified":"2023-06-08T16:19:17","modified_gmt":"2023-06-08T14:19:17","slug":"debt-restructuring-of-gascogne","status":"publish","type":"deals","link":"https:\/\/www.investec.com\/advisory\/deals\/debt-restructuring-of-gascogne\/","title":{"rendered":"Debt restructuring of Gascogne"},"content":{"rendered":"<h2>What we did<\/h2>\n<p>Investec has actively supported Gascogne S.A. top Management along all the process: review of the business plan, competitive process, assistance for the selection of the investors, management of due diligences, preparation of valuation guidance in close relation with certifiers, management of debt renegotiations, management of the negotiation of the legal documentation.<\/p>\n<p>Holding a strong knowledge of the Paper &amp; Packaging industry, Investec has been able to tailor a workable deal in a complex environment.<\/p>\n<p>This deal is the fourth advised by Investec on behalf of Gascogne since 2012.<\/p>\n<h2>About the deal<\/h2>\n<p>Formed in 1925 in the South-West of France, Gascogne is one of the leading European players in wooden related products. Operating 4 divisions, the group manufactures and sells wood products for industrial \/ building \/ decorative applications through the division \u201cWood\u201d. Through its \u201cPaper\u201d division the group became the world leading machine-glazed kraft paper manufacturer mainly for food applications. The \u201cSack\u201d division is one of the European leading player in sack kraft converting. Finally, its \u201cLaminates\u201d divisions supplies multi-layers products for various added-value applications (industrial processes, food, aerospace, etc.). The group has generated \u20ac418m of revenues in 2013 and employs 2,200 people mainly in France and Germany.<\/p>\n<p>Within the European economic downturn, the group has suffered from high indebtedness and raw materials \/ energy costs increase. The capital injection and debt restructuring solutions have enabled the group to lower indebtedness and to plan structuring long-term investments. The indebtedness has been lowered by \u20ac52m, beside a cash injection of \u20ac75m (through reserved and public capital increases led by Attis 2), convertible bonds issuing (\u20ac12m) and CAPEX financing solutions for \u20ac31m.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What we did Investec has actively supported Gascogne S.A. top Management along all the process: review of the business plan,&#8230;<\/p>\n","protected":false},"featured_media":0,"template":"","dt":[],"sector":[29],"dealtype":[35,33],"clienttype":[32],"class_list":["post-4252","deals","type-deals","status-publish","hentry","sector-industrials","dealtype-debt-advisory","dealtype-sell-your-business","clienttype-family-businesses"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Debt restructuring of Gascogne | Investec Business Advisory<\/title>\n<meta name=\"description\" content=\"Investec acted as exclusive 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