White & Case advises banks on ID Logistics' €135 million share capital increase

Global law firm White & Case LLP has advised BNP Paribas and Natixis, as joint global coordinators and joint bookrunners, on ID Logistics’ share capital increase without shareholders’ preferential subscription rights via an accelerated bookbuilding for an amount of approximately €135 million.

Eric Hémar, Co-founder, Chairman and CEO of the Company, has subscribed to the capital increase, through IMMOD (ultimately controlled by Eric Hémar), for a total amount of €9.45 million. Following the completion of the capital increase, Eric Hémar continues to hold, directly and indirectly, more than 50 percent of the share capital of ID Logistics.

ID Logistics is an international contract logistics group. The net proceeds of the capital increase will be allocated to the refinancing of recent acquisitions in order to increase ID Logistics’ investment capabilities. ID Logistics’ shares are listed on the Euronext Paris regulated market.

The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Séverin Robillard, with support from partner Max Turner and associates Boris Kreiss and Romain Bruno.

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