Significant debt reduction and strengthened financial structure
Focus on a SaaS (Software as a Service) business model
Paris, France – June 23, 2025, 7:30 a.m. (CET). Claranova (Euronext Paris: CLA or “the Group”) announces the June 22, 2025 signature of an agreement for the sale of the PlanetArt division to an entity controlled by General Atlantic Credit’s Atlantic Park fund and PlanetArt’s management team.
Following the exclusive negotiations initiated with General Atlantic Credit[1], the parties have signed a stock purchase agreement valuing the PlanetArt business at US$175m[2] (approximately €154m). This transaction is subject to approval by the Shareholders’ Meeting on June 27, 2025 and other contractual and regulatory conditions precedent with a closing date expected to be June 30, 2025.
Claranova becomes a pure player in software publishing with strong ambitions to drive growth
This sale, which will be submitted to a vote of the General Meeting, will pave the way for Claranova’s transformation into a leading pure play software publisher with considerably improved profit ratios in relation to recent years and a level of debt reduced to a minimum.
With its investment capacity restored, the Group will be able to accelerate its organic growth while focusing its marketing efforts on its three core segments, Photo, Utilities and PDF, each offering significant growth potential.
Eric Gareau, Chief Executive Officer of Claranova, commented: “The signature of this agreement marks a major strategic milestone for Claranova, reflecting our commitment to build a more dynamic and efficient company offering a clear vision to the markets by refocusing our activities on software publishing that will ultimately contribute to increasing the Company’s value. By strengthening our financial structure through a significant reduction in debt, this sale will provide us with the resources to accelerate our transformation into a fully-integrated software editor. We will thus be able to focus our investment and innovation efforts on higher-value, high-potential markets, while sustainably improving our operating performance.”
[1] Press release of March 3, 2025. [2] This amount represents 100% of PlanetArt LLC and includes an intercompany debt forgiveness.