Calyon, alongside Société Générale CIB, acted as financial advisor for the negotiations with Fonds Stratégique d’Investissement (FSI) and as lead arranger and joint bookrunner for the capital increase, launched on November 20, 2009.

This capital increase, featuring the maintenance of preferential subscription rights in favor of shareholders, was highly successful, being oversubscribed by 129%. The final amount of the deal came to EUR 180.5 million. The settlement and delivery of the new shares took place on December 17, 2009.

The funds raised, and the entry of FSI as a shareholder, provide Cegedim with substantial means for returning to the acquisition trail. The company plans to proceed with a series of average-sized acquisitions.

This transaction highlights the quality of the relations between Cegedim and the entire Crédit Agricole Group (Calyon, LCL and the Regional Banks).