Ashurst advises senior lenders on €500m restructuring of Segula Group after French court approves two accelerated safeguard plans

"Ashurst advised the senior lender pool in the restructuring of Segula Group after the Tribunal des activités économiques de Nanterre approved two accelerated safeguard plans on 12 February 2026. The restructuring addresses about €500m of debt, including a state‑guaranteed loan (PGE) and a senior term loan, and covers Segula Holding, Segula Technologies and their subsidiaries. Eiffel Investment Group and Eurazeo are expected to take shareholder control of the group during 2026. Ashurst’s multi‑jurisdictional team was led in Paris by Noam Ankri and Eric Fiszelson, with Munich leads Karsten Raupach and Friedrich Schaudinn and Frankfurt advisers Franziska Kramer and Sascha Masuch."

Ashurst advised the pool of senior lenders in the restructuring of the Segula group. The Segula engineering group obtained approval of two accelerated safeguard plans from the Tribunal des activités économiques de Nanterre on 12 February 2026, completing a restructuring of around €500 million of debt after several amicable procedures. Ashurst acted for the senior lender pool in relation to both a state-guaranteed loan (PGE) and a senior term loan. The restructuring covers the two holding companies, Segula Holding and Segula Technologies, and their subsidiaries. As a result, Eiffel Investment Group and Eurazeo are due to take shareholder control of the group in 2026. Lawyers who worked on the matter at Ashurst (office, name — seniority — practice area, as stated in the press release): - Paris: Noam Ankri (partner) — restructuring; Eric Fiszelson (partner) — restructuring; Astrid Hubert‑Benoist (counsel) — restructuring; Victoire Gabai (associate) — restructuring; Dorélien Blin (associate) — restructuring; Audrey Lesage (counsel) — finance; Louis Regnard (associate) — finance; Christophe Lemaire (partner) — competition law; Guillaume Vatin (senior associate) — competition law; Aurélien Fournier (counsel) — finance; Morgan Vail (partner) — tax; Théo Savonet (associate) — tax. - Munich: Karsten Raupach (partner) — restructuring; Friedrich Schaudinn (partner) — finance. - Frankfurt: Franziska Kramer (counsel) — restructuring; Sascha Masuch (associate) — finance.

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Ashurst advises senior lenders on €500m restructuring of Segula Group after French court approves two accelerated safeguard plans

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Ashurst advises senior lenders on €500m restructuring of Segula Group after French court approves two accelerated safeguard plans

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