White & Case Advises Sovereign Funds on Arc Holdings' New Investment Plan

Press Release
1 min read

Global law firm White & Case LLP has advised a consortium of French and international sovereign funds on Arc Holdings' new investment plan.

Arc Holdings, a leading French manufacturer of tableware and glassware operating in more than 160 countries, will benefit from a new investment plan worth €120 million. The plan is the result of an agreement between shareholder Glass Holding, the French Government, the Hauts de France region, the Communauté d'agglomération du pays de Saint-Omer (CAPSO), sovereign funds – including Bpifrance – and new stock financiers.

The fundraising enables Board members to implement the company's turnaround plan in the coming years. It also includes the implementation of Arc Holdings' automatic assignment mechanism in the event of non-compliance with certain ratios, as well as a preference share and an in-trust mechanism.

The White & Case team in Paris which advised on the transaction was led by partners Saam Golshani and Alexis Hojabr, with support from partner Raphaël Richard and associates Bruno Pousset, Alice Léonard and Marie-Alix Charvin.

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