The Paris financial restructuring team advised a pool of French Banks on the granting of French state guaranteed loans (PGE) to Adagio Group, the total amount of which has been determined to be approximately 23 million euros.
Adagio is a joint venture between the Accor group and the Pierre & Vacances-Center Parcs group, which manages tourist residences and provides apartments for rent. The Adagio network currently comprises 89 tourist residences and 9,878 apartments.
The Goodwin team was led by Céline Domenget-Morin, and Arnaud Fromion and Laurent Bonnet on financing aspects.