Watson Farley & Williams advises Edify on a €63 million loan for its business development

8 July 2015


Watson Farley & Williams (“WFW”) has advised Edify SA (“Edify”), a multi-sector investment company, on the negotiation and putting in place of a €63 million loan, arranged by the Crédit-Mutuel –CIC group and its banking partners, Banque Européenne du Crédit Mutuel, BNP Paribas, Crédit Agricole des Savoie, LCL and Société Générale.

Edify will use this loan to reinforce its structure and to help finance its long-term investment strategy which is aimed at both SMEs and ETIs (“Entreprises de Tailles Intermediaires” – companies of between 50 and 5000 employees and with an annual turnover of less than €1.5 billion).

The WFW Finance team which advised the borrower was led by partner and practice head Laurence Martinez-Bellet who was assisted by associate Olivier Challine.