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Darrois Villey Maillot Brochier advised Financière Flo on the restructuring of Group Flo’s bank debt

Darrois Villey Maillot Brochier has advised Financière Flo on the restructuring of Group Flo’s bank debt.

Following a process initiated in December 2015, Groupe Flo (Hippopotamus, Tablapizza, Bistro Romain, Tavernes de Maître Kanter restaurants and Flo, La Coupole, Petit Bofinger, Le Bœuf sur le Toit brasseries), company listed on Compartment C of NYSE Euronext Paris, has announced the signing of an agreement with its banking partners and its reference shareholder, Financière Flo (Albert Frère, Ackermans & van Haaren et Tikehau group).

According to this agreement, Financière Flo has committed to participate in and guarantee a capital increase of approximately €38 million, which will be open to the public and completed before June 2017. For their part, the creditor banks have accepted to restructure the terms of the group’s bank debt. This agreement allows the execution of Group Flo’s new strategic plan, which is supported by the management of the company.

The DVMB team includes François Kopf (partner) and Mathieu Della Vittoria (associate).

Groupe Flo was advised by Bredin Prat, and Ayache Salama has advised the creditor banks