Management led by president Guillaume Pérol along with InnovaFonds SAS and Bpifrance Investissement SAS acquired Vertiv Industrial Systems SAS from Vertiv Holdings Co (NYSE:VRT) on January 13, 2022. The acquisition included sale of its foreign assets of its industrial activities in the United Kingdom, Turkey, Spain and the United Arab Emirates, forming the Chloride Group. Pierre Sader and Adelaide Cangardel of Rothschild Transaction R acted as financial advisor to Vertiv. Lamy Lexel Avocats Associés acted as legal advisor to InnovaFonds, Bpifrance and Management. Stephen Walters Victoria Régis, Stanislas Chaudun and Frédéric Sardain of Jeantet & Associés, John Bingham and Steven Templeton of Bellwether Green, Enrique Valera and Concha Martin of Baker & McKenzie Madrid S.L. and Marco De Leo of BonelliErede Middle East LLP and Erman Oncel and Cemal Umut Uygun of OAU Legal acted as legal advisors to Vertiv Holdings. Xavier Mesguisch and Antoine Chaucesse of Eight Advisory acted as financial advisors to Innovafonds and Bpifrance; Frédéric Chaillet of Périclès Avocats acted as legal advisor; Tom Hall and Miranda Foy of Pannone Corporate acted as legal advisors; Jordi Lopez of Pinto Ruiz & Del Valle acted as legal advisor; and Merve Çelik of Ozgun Law acted as legal advisors to Innovafonds and Bpifrance in the transaction. Marc-André Audisio of EY acted as an accountant to Vertiv Holdings in the transaction. Thibault Ricome AND Déborah Laubert of LexiCube acted as legal advisors to lenders in the transaction.

Management led by president Guillaume Pérol along with InnovaFonds SAS and Bpifrance Investissement SAS completed the acquisition of Vertiv Industrial Systems SAS from Vertiv Holdings Co (NYSE:VRT) on January 13, 2022. Ernst & Young LLP acted as due diligence provider to InnovaFonds SAS and Bpifrance Investissement SAS.