Aramis advises the Hager group in connection with its investment in Bluelinea

Pursuant to an investment agreement dated 17 May 2016, Hager Electro SAS, a member of the Hager group, a leading provider of solutions and services for electrical installations in residential, commercial and industrial buildings, acquired on 27 June 2016 an equity interest in Bluelinea, a company listed on Alternext Paris (private placement segment), which develops and markets connected products aimed at dependent people, and related services. Hager Electro subscribed 400,000 shares to which warrants were attached (i.e., an equity interest of 13.35% of the share capital of the company), and entered into a shareholders’ agreement with founding members and top management of the company. The Hager and Bluelinea groups have also decided to create a joint venture dedicated to the sales of Bluelinea products and services on the German market. Aramis (Alexis Chahid-Nouraï and Hugues Testu, who coordinated the due diligence work and advised on documentation negociation and securities laws issues, and the Firm’s tax, employment, IP-IT and commercial contract teams) advised the Hager group in connection with this transaction.