Debt Advisory, NextGen Consumer

Bryan, Garnier & Co acts as Sole Debt Advisor to Claranova on their new EUR 108 million loan financing

Claranova is a diversified global technology company managing and operating portfolio of majority interests in digital companies with strong growth potential.

Claranova’s portfolio of companies is organised into three unique technology platforms operating in all major digital sectors. As an e-commerce leader in personalised objects, Claranova also stands out for its technological expertise in software publishing and the Internet of Things, through its businesses PlanetArt, Avanquest and myDevices. These three technology platforms share a common vision: empowering people through innovation by providing simple and intuitive digital solutions that facilitate everyday access to the very best of technology.

Bryan, Garnier & Co advised Claranova on a complex EUR 108 million debt refinancing transaction to address the company's upcoming financial obligations, strengthen its cash position and lenghten its debt maturity profile.

The transaction takes the form of a new senior term loan with a 4-year bullet maturity, provided by Cheyne Capital Management and Heights Capital Management. The facility is secured over the Group’s assets and includes a tailored covenant package.

This transaction represents another milestone for Bryan Garnier & Co’s rising Debt Advisory team, highlighting its ability to execute complex and bespoke debt transactions for its clients. Recent activity includes transactions such as the leveraged debt financing supporting PSG Equity’s majority acquisition of Diapason, the EUR 92m secured term loan facility for Calliditas Therapeutics AB provided by Athyrium Capital Management and the up to €150m venture and convertible structured debt financing for Abivax from Kreos Capital (now Blackrock), Claret Capital Partners and Heights Capital Management.

As a diversified global technology company, Claranova manages and coordinates a portfolio of majority interests in digital companies with strong growth potential. Supported by a team combining several decades of experience in the world of technology, Claranova has acquired a unique know-how in successfully turning around, creating and developing innovative companies.

Claranova has proven its capacity to turn a simple idea into a worldwide success in just a few short years. Present in 15 countries and leveraging the technology expertise of its 800+ employees across North America and Europe, Claranova is a truly international group, with 95% of its revenue derived from international markets.

Claranova’s portfolio of companies is organized into three unique technology platforms operating in all major digital sectors. As an e-commerce leader in personalized objects, Claranova also stands out for its technological expertise in software publishing and the Internet of Things, through its businesses PlanetArt, Avanquest and myDevices. These three technology platforms share a common vision: empowering people through innovation by providing simple and intuitive digital solutions that facilitate everyday access to the very best of technology.