At the end of 2023, the Acquisition Finance teams of Crédit Industriel et Commercial (CIC) provided a structured financing to support the delisting of the SII Group.
The Simplified Public Tender Offer launched in February 2024 and the squeeze-out completed in March 2024 allowed funds managed or advised by Blackstone to acquire a stake in the company. As a financial partner, Blackstone will provide the SII Group with the necessary resources to pursue its development. This operation also enabled the efficient organization of the generational renewal of the majority shareholding.
The syndicated loan of 430 million euros was underwritten by a banking pool comprising leading banks, with CIC acting as Mandated Lead Arranger and Bookrunner, Credit and Collateral Agent, and Overdraft Bank.
CIC's Equity Capital Markets teams have also been appointed as joint Presenting Bank and Guarantor of the Offer, Buy-Side Member and Centralizing Agent of the squeeze-out.
The SII Group was advised in this transaction by Banque Degroof Petercam.