Davis Polk is advising Duke Street in connection with the restructuring of Biomnis Group. In an out-of-court agreement, Duke Street, the majority shareholder of Biomnis, agreed to sell control of the Biomnis Group in connection with the restructuring of Biomnis Group’s debt, which includes a new contribution of approximately €20 million by Axa Private Equity, Partners Group and Duke Street.

Duke Street is a private equity firm that invests in middle-market, pan-European businesses. Biomnis Group, a French leader in the biomedical sector with approximately 60% of the French market of specialized biology, has two sites in France and approximately 1,800 employees.

The Davis Polk team includes partner Georges Terrier and associates Jérôme Sibille, Hadrien Schlumberger and Jean-Baptiste Molmy. All members of the Davis Polk team are based in the Paris office.