Airvance Group

Canaccord Genuity acted as Exclusive Financial Adviser to Airvance Group and its shareholders on the refinancing of its capital structure

Canaccord Genuity is pleased to announce that, on 24 February 2022, Airvance Group completed the refinancing of its capital structure, including hybrid junior debt instruments and senior debt instruments.

Airvance Group (formerly known as France Air) is a European leader and family-owned group specialising in the design and distribution of HVAC solutions. The Group was formed by the acquisition of SIG Air Handling, the former HVAC division of SIG, by France Air. As a designer, manufacturer and distributor, Airvance Group provides solutions that safeguard health and well-beingby offering optimal indoor air quality and comfort. The Group generated €505m of sales in 2021.

Canaccord Genuity provided debt financing advisory services in connection with a €178m all senior financing providing for the pre-payment of the hybrid junior debt instruments and the family ownerstaking back full control of the Group’s governance. Through the refinancing, Airvance Group also simplified its debt structure, improved its cost of debt and extended maturities.

This transaction further consolidated Canaccord Genuity’s debt advisory capabilities in Paris and further reinforced its credentials in the industrials sector.