Gide is advising the Primonial Group’s management on the acquisition of shares by Latour Capital and Société Générale Assurances, alongside Bridgepoint.
The purpose of this transaction is to allow the Primonial Group to confirm its solid expansion, notably by relying on majority financial shareholders, Bridgepoint and Latour Capital, thus guaranteeing the Group’s independence, and on the acquisition of shares by key industrial players, which are essential to fostering operational synergies.
At the end of this transaction, Bridgepoint and Latour Capital, grouped into a joint holding company, will each hold 35% of Primonial’s capital. Société Générale Assurances will hold 18.5% of the share capital, via an investment of SOGECAP’s general assets, while the Group’s management and staff will hold 11.1%, the remainder being held by the Fondation AlphaOmega. The Arkéa Group will sell 100% of its shares.
The Gide team is led by partners Jean-François Louit and Caroline Lan with associates François Bossé-Cohic and Mathilde Faure.
As regards tax aspects, Primonial Group’s management is advised by Mayer Brown and by CMS Francis Lefebvre.
Acetis Finance is advising management on the financial aspects of the transaction.