Latham Advises PSP Investments on Fives Group’s Share Capital Increase

Latham & Watkins has advised PSP Investments in Fives Group’s €150 million share capital increase with Bpifrance and its historical shareholders (management, CDPQ, PSP, and Ardian).

Fives Group, an international leader in industrial engineering, supplies equipment, machines, technologies, and production systems for a wide range of industrial sectors. The company’s growth has been driven by major trends in the automation, decarbonization, digitalization and regionalization industries. The share capital increase aims to accelerate the group’s growth and innovation dynamic by strengthening its financial structure and investment capacity by increasing its production capacity to better serve fast-growing markets contributing to the low-carbon transition, and strengthen its investments in R&D programs aimed at reducing its customers' environmental footprint.

The Latham team was led by Paris partners Gaëtan Gianasso and Charles-Antoine Guelluy, with associates Michael Colle et Anne-Lucie Mahé. Advice was also provided on tax matters by Paris partner Xavier Renard, with associate Hugo Matricon.