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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

 led the Paul Hastings’ team, which also included  and Lucie Aymonod (securities and corporate law).

About Paul Hastings

At Paul Hastings, our purpose is clear - to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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