Global law firm White & Case LLP has advised Forsee Power shareholders, funds managed by Eurazeo and Groupe Industriel Marcel Dassault on the initial public offering (IPO) of Forsee Power on Compartment B of Euronext Paris.
Through the IPO, including an open price offering and a global placement offering, Forsee Power raises €100 million through a capital increase for a market capitalization of €385.8 million. The prospectus received approval from the French financial markets authority (Autorité des marchés financiers) on 15 October 2021. The offer amounts to approximately €100 million, which may be increased by up to €115 million if the over-allotment option is exercised in full. Forsee Power shareholders and the funds managed by Eurazeo will hold approximately 30 percent of the capital after completion of the offer.
Operating across Europe, Asia, and North America, Forsee Power is a French cleantech company specializing in smart battery systems for sustainable electric transport.
The White & Case team in Paris which advised on the transaction was led by partners Séverin Robillard and Franck De Vita.
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