SCOTTO & ASSOCIÉS assists Elis and its management during its IPO
Press release 13 Feb 2015

Firm Contact

Nicolas Menard-Durand

+33 (0) 1 83 92 38 38

nmenard@scottopartners.com

www.scottopartners.com

Press Contact

Anne Bassi

+ 33 (0) 1 40 46 07 27

a.bassi@sachinka.com

www.sachinka.com

Paris, 13 February 2015

Scotto & Associés has advised the management of the Elis Group, a leading multi-services company that provides rental and maintenance services for linen, work clothes and health and safety equipment in Europe and Brazil, during the group's IPO.

With 18,500 employees across 10 countries, Elis reported a consolidated turnover of €1.331 billion and a consolidated EBITDA of €429 million in 2014.

The transaction note received approval from the Autorité des Marchés Financiers (the French Financial Markets Authority) on 27 January 2015 for a maximum total offer of around €750 million, comprising around €700 million of new shares and around €50 million of existing shares sold by Legendre Holding 27, an entity controlled by Eurazeo, as well as some employees and corporate officers of the Elis Group.

The flotation price was set at €13 per share on 10 February 2015.

The firm's team was formed of Nicolas Menard-Durand, Caroline Lan, Franck Vacher and Camille Perrin on corporate and stock market law aspects and of our tax team on tax aspects.