15 February 2010 - Gide Loyrette Nouel Casablanca advises on the acquisition of a majority stake in LGMC SA by investment firm Mutandis SCA:

Gide Loyrette Nouel Casablanca advised on the takeover of Les Grandes Marques et Conserveries Chérifiennes Réunies SA (LGMC SA) by investment firm Mutandis SCA which has acquired 51% of the share capital. For the purposes of this transaction, LGMC SA, a company listed on the Casablanca stock exchange, was valued at EUR 33.8 million.

Gide Loyrette Nouel assisted with the implementation of investment agreements between Mutandis SCA and Jaybo SARL, the family holding which previously controlled LGMC SA, and partnership agreements between the two groups. Following this transaction, Mutandis SCA and Jaybo SARL jointly hold 94.3% of the share capital and voting rights in LGMC SA.

Gide Loyrette Nouel also advised both groups of shareholders, who agreed to withdraw LGMC SA shares from listing, for the preparation of the compulsory withdrawal public offer.

The Gide Loyrette Nouel team for this transaction comprised Julien David, partner, and Younes Maleh, senior associate.