Presentation

Discover Renaissance II missions, governance and activities

Activity

  • Renaissance II S.à r.l. (the “Company”) was set up in the context of the financial restructuring of ORPEA S.A., according to ORPEA S.A.’s accelerated safeguard plan adopted by the Commercial Court of Nanterre on 24 July 2023 and available on the following link.
  • The Company is a private limited liability company, incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office located 17, Boulevard F.W. Raiffeisen, L-2411 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Trade and Business Registry under number B282073.
  • The object of the Company is described in Article 2 of the articles of association of the Company. In essence, the object of the Company is to enter into, perform and serve as an unregulated vehicle for any securization transactions as permitted under the Securization Law.
  • In particular, the purpose of the Company is to hold ORPEA S.A.’s shares on behalf of some of its unsecured creditors in the context of the conversion of all ORPEA’s financial unsecured debt into equity.
  • According to its articles of association, the Company is incorporated for a limited period of five years.

Governance

  • The Company is managed by a Board of managers.
  • This Board of managers is composed of the following managers:
    • Caroline Debruille, and
    • Giovanni Incardona.

Shareholding structure

  • The Company’s share capital is set at €12,000 all subscribed and fully paid.
  • The Company’s share capital is fully held by Stichting Renaissance I, a foundation (stichting) incorporated under the laws of Netherlands.

Financing

  • The Company issued PIK Notes for a principal amount of €18,967,280 subscribed by the unsecured creditors of ORPEA in consideration of the transfer of their ORPEA unsecured claims converted into equity, in the context of the conversion of ORPEA’s unsecured debt into equity according to its accelerated safeguard plan.