on Claranova (EPA:CLA)
Claranova sells PlanetArt to strengthen its SaaS strategy
Claranova announces the sale of its PlanetArt division for $175 million to an entity affiliated with General Atlantic Credit. This transaction is subject to approval by the General Meeting on June 27, 2025, and is scheduled to close on June 30, 2025. With this sale, Claranova intends to focus its efforts on SaaS software publishing.
The deal allows Claranova to significantly reduce its debt while increasing its investment capacity. The company will now focus on its three core segments: Photo, Utilities, and PDF. The proceeds from the sale will primarily be used to reduce Cheyne debt and repay SaarLB debt.
Claranova sees an improvement in its operational performance and seeks to improve its profitability with a solid financial structure and strategic refocusing.
R. P.
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