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Baker McKenzie has advised Claranova on the the completion of its first Euro PP bond issue with European institutional investors, comprising 19.655 bonds with a nominal value of 1.000 euros each.
The proceeds from this issue will be used principally to finance the outstanding balance from the acquisition of the Adaware, SodaPDF and Upclick businesses (€17 million) which took place in July 2018.

Claranova is a truly global internet and mobile player and generated revenue of €140 million during the first half of 2018-2019, including more than 90% internationally. Its businesses are:

  • Internet business division: specialising in monetising internet traffic, Avanquest heightens its customer impact through cross-selling opportunities which make it possible to generate a maximum amount of traffic and enable the most efficient monetisation possible;
  • Mobile business division: a world leader in mobile printing, in particular using its FreePrints and Photobook apps– the least expensive and most simple solutions in the world for printing photos or putting together photo albums using a smartphone;
  • IoT business division: a global IoT (Internet of Things) management platform, myDevices allows its partners to offer turnkey solutions (IoT in a Box™) to their customers. These offerings allow immediately operational IoT solutions to be deployed in medical, hotel, food & drinks, retail and education sectors..

Claranova was advised by Baker McKenzie with a team led by Cyril Tour, partner in Banking & Finance, and Matthieu Grollemund, partner, assisted by Raphaël Sendowski, associate in M&A.


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