The plan, approved on July 10, 2025, through a cross-class cram-down lasting eight years, provides for the progressive repayment of €3.1 million in privileged liabilities over this period, together with an €8.7 million write-off in unsecured liabilities.
Still rarely used in the start-up environment, this restructuring plan is supported by a €1.8 million investment from UL Invest, which has become the majority shareholder alongside the founders. It enables Hosman to preserve a team of around 50 employees, leverage eight years of R&D, and target a return to break-even as early as 2025.
Reed Smith advised Vesta Home (Hosman) on the restructuring aspects of the transaction. The team was led by partner Marie Crumière and associate Julien Dorin.
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