Gide has advised the Fnac Darty group in connection with exclusive negotiations on a strategic partnership with CTS EVENTIM, the European leader in ticketing
The intended strategic partnership would be strengthened by acquiring share capital: France Billet would acquire 100% of the capital of CTS EVENTIM France, while CTS EVENTIM would acquire a 48% minority stake in France Billet - which would remain under Fnac Darty's control. At the end of a 4-year period, CTS Eventim would have the option to increase its share to a majority stake.
This transaction would allow France Billet to benefit from CTS EVENTIM's technological innovations, accelerating the development of its digital platform and allowing it to offer more in terms of value to its customers and partners.
Gide's team advising Fnac Darty was led by partner Jean-Gabriel Flandrois, with counsel Cira Veronica Caroscio, and associate Arthur Lemaitre on the corporate/M&A aspects; partner Jean-Hyacinthe de Mitry and associate Camille d'Angerville on intellectual property aspects; partner Magali Buchert on tax law aspects; partner Emmanuel Reille and associate Charles Terdjman on competition law aspects; counsel Julien Guinot-Deléry and associate Nina Khalfi on new technologies law aspects.
Gleiss Lutz advised Fnac Darty on German law aspects, with Fred Wendt (corporate/M&A) and Alexander Molle (new technologies law aspects).