Arverne Group completed the acquisition of Transition S.A. (DB:99S) in a reverse merger transaction.
Joh. Berenberg, Gossler & Co. KG acted as fairness opinion provider to Transition. ATFIS and CIC Market Solutions are acting as financial advisors to Transition for the purposes of the Transaction. Bredin Prat is serving as legal counsel to Transition. Rothschild & Co is acting as financial advisor to Arverne. Renaud Bonnet of Jones Day is serving as legal counsel to Arverne.
Arverne Group completed the acquisition of Transition S.A. (DB:99S) in a reverse merger transaction on September 19, 2023. The common shares issued by Transition as part of the Merger in consideration of Arverne shares have been listed on the professional segment (compartiment professionnel) of Euronext Paris. Concurrently with the Merger and as part of a private placement (PIPE), Transition issued new common shares to existing and new investors, including Eiffel Investment Group, ADEME Investissement, Crédit Mutuel Equity, Sycomore AM and Renault Group. Transition has now changed its name to "Arverne Group".