Squadra Avocats has recently advised MAASH group in its takeover of METEX NØØVISTA.
A subsidiary of METabolix Explorer and a leader in the production, by fermentation, of naturally sourced ingredients for use in animal feed, cosmetics, and the biopolymer industry, Metex Nøøvista has been taken over by the Belgian company, Maash, as part of a restructuring procedure.
Metex Nøøvista forms part of Metex group, which uses fermentation to produce naturally sourced ingredients for animal feed and cosmetic products.
Listed on the Paris stock exchange, METabolix Explorer is responsible for carrying out the group’s research and development activities, as well as its financial activities as a holding company, and holds total ownership of its two operational subsidiaries: METEX NøøvistaGo, which operates a factory that produces amino acids through the fermentation of sugar; and METEX Nøøvista, created in 2018, which has, since March 2021, operated a newly constructed factory situated in Saint-Avold (in Lorraine), capable of producing up to 5000 tonnes of naturally sourced propanediol and up to 1000 tonnes of naturally sourced butyric acid.
METEX Nøøvista was required to open up judicial reorganisation proceedings following a ruling on the 25th of March 2024 from the Paris Commercial Court. A judgement from the Paris Commercial Court on the 25th of June 2024 authorised the handover of METEX Nøøvista’s assets and business activity to Maash.
Squadra Avocats was represented by Charles Morel and Emilie Rosier.
NULLSquadra (Charles Morel et Emilie Rosier) has recently supported the companies GRAFTYS and BIOLOGICS 4 LIFE in their insolvency proceedings before the Aix-en-Provence Commercial Court.
Graftys specialises in the development of bioresorbable synthetic bone grafts for orthopedic surgery. After carrying out research on biomaterials, the company created a new type of synthetic bone graft, that can be easily injected into the centre of bones in order to repair them. Graftys is now a market leader and has received particular recognition for its work in the US.
In 2021, it acquired another French medtech company, Biologics 4 Life, working in a similar field: the development of injectable biomaterials combined with active ingredients capable of treating and preventing fractures caused by osteoporosis.
Due to a now-resolved regulatory constraint., Graftys had to suspend activity for a number of months in 2023. Faced with financial difficulties at the beginning of 2024, it was necessary for the companies to enter into insolvency proceedings.
Morgane Mondolfo, partner at Squadra Avocats, has been interviewed by Décideurs Magazine about the EU’s Corporate Sustainability Reporting Directive (CRSD). This episode of HR Makers, hosted by Elsa Guérin and broadcasted by 4Change and DÉCIDEURS RH, considers the regulatory framework of the directive and examines how it will be implemented by HR departments. Morgane appeared in the interview alongside Laurence Breton-Keuny, HR Manager for AFNOR Group and Vice-President of ANDRH.
The interview is available to watch here, or by searching “HR Makers #2 – CSRD, qu’est-ce que cela change?” on YouTube.
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NULLSquadra Avocats has advised OVOL USA, world leader in paper supplies, in its acquisition of EFP CHAVASSIEU
Squadra Avocats has advised OVOL USA (GOULD PAPER CORPORATION), a world leader in the supply of paper and paper pulp, in its acquisition, via OVOL HOLDINGS FRANCE, of a majority stake in EFP-CHAVASSIEU, a leading paper distributor in France and Europe. This strategic transaction strengthens OVOL’s presence in the French and Western European markets.
MKH, the longstanding shareholder, will retain a minority stake.
The Squadra Avocats team involved Charles Morel and François Lan (partners) and Clément Salaün (associate) on the corporate matters, and Morgane Mondolfo (partner) on the employment law aspects.
MKH was advised by CARLER AVOCATS France with partner Jean-François Veyry.
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Squadra Avocats has advised Heroes Media on the acquisition of the press title PUBLIC from CMI France.
PUBLIC, a major force in the “People” weekly press, joins the other titles published by HEROES MEDIA and its subsidiaries (MOTO HEROES, AUTO HEROES, MONTRE HEROES, VSD, etc.).
Charles Morel and Camille Mirabel-Chambaud (partners) and Emilie Rosier advised HEROES MEDIA on this transaction.
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NULLOur restructuring (Charles Morel and Emilie Rosier) and corporate (Camille Mirabel-Chambaud) teams advised the Polish group FA KROSNO (the European leader in gas spring production) in its takeover of DEFTA AIRAX, a subsidiary of the Defta Group (one of France’s leading automotive equipment manufacturers).
This sale will help to preserve strategic industrial activity for European automotive manufacturers and retain as many jobs as possible in the Besançon area.
FA KROSNO was also assisted by Ascagne (Aurélien Morel), and by RSR Conseil (Raphael de Saint Romain) on the strategic and financial aspects of the deal.
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