Share Capital Increase for Wallix Group

May 24, 2018

Paris – Paul Hastings LLP, a leading global law firm, announced today that it has represented Midcap Partners and Oddo BHF, acting as joint-Lead Managers and Bookrunners in connection with the share capital increase of Wallix Group totaling €36.8m, following full exercise of the extension clause.

Listed since 2015 on Euronext Growth, Wallix Group is a software company providing cybersecurity solutions, and a European specialist in privileged account management and protection. The funds raised will help Wallix Group create a new European leader in PAM (Privileged Access Management) and cloud cyber security.

The share capital increase, performed without shareholders’ preferential subscription rights by way of a public offering, and with a priority subscription period for existing shareholders, took place on May 24, 2018. Global demand reached €58.9m, more than 1.8 times the initial offering amount of €32m (including €10.5m subscribed by the Company’s existing shareholders during the priority subscription period, €47.8m by institutional investors, as part of private placements in France and in certain other countries, and €0.6m by individual investors, as part of the open price public offering).

Partner David Revcolevschi led the Paul Hastings’ team, which also included Béatrice Dang and Lucie Aymonod (securities and corporate law).

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