CIC Corporate & Institutional Banking (CIC CIB) is pleased to support the AIRVANCE Group, a leading European company in the design, manufacture, and distribution of air treatment and building insulation solutions, in a major new phase of its development.
This transaction will notably enable the acquisition of Saint-Gobain’s businesses specializing in the distribution of air treatment equipment in the Nordic countries (Norway, Sweden, and Denmark). Through this strategic acquisition, AIRVANCE significantly strengthens its presence in Northern Europe and consolidates its position among the leading European companies in the sector.
The syndicated financing was successfully underwritten by a syndicate of leading banks.
CIC acted as Mandated Lead Arranger for this financing. This transaction, carried out jointly with CIC Lyonnaise de Banque, demonstrates CIC’s renewed confidence in AIRVANCE’s growth strategy.
