NextStage Evergreen initiates alternative tender and exchange offer for NextStage shares

Client(s) NextStage EverGreen and NextStage

Jones Day advised NextStage EverGreen and NextStage, a listed company specializing in development capital financing and support for medium-sized companies, in the context of the alternative takeover bid and exchange for the shares of NextStage SCA, initiated by NextStage Green, an unlisted company created for the purposes of the transaction.

The Offer was made up of a public exchange offer under the terms of which the shareholders of NextStage SCA could exchange 1 ordinary NextStage SCA share for 1 new ordinary share of NextStage EverGreen (it being specified that approximately 88% of the current shareholders of NextStage SCA committed to contributing their shares to the public exchange offer); a public purchase offer under the terms of which the shareholders of NextStage SCA could sell the ordinary NextStage SCA shares they held at a unit price of 108.00 euros.

Following the Offer, NextStage EverGreen implemented a squeeze-out procedure for ordinary NextStage SCA shares not tendered to the Offer and plans to proceed with the merger-absorption of NextStage SCA.