SoftBank Group entered into an agreement to acquire remaining 41.08% stake in Balyo SA (ENXTPA : BALYO) from Bpifrance Investissement, SSUG, Financière Arbevel, Linde Material Handling, Hyster-Yale, Invus Public Equities, L.P. and Thomas Duval as well as certain employees and legal representatives of Balyo for €11.8 million on June 14, 2023. Under the terms, consideration will be paid in €0.85 per share in cash. The offer is subject to CSE, the compliance decision of the AMF and to obtaining authorization under the control of foreign investments in France.

Raine Group and Alantra are acting as financial advisor and Morrison Foerster and Kate Romain, Jean-Benoît Demaret, Karine Angel, Charles Sahel, Aude Pianet, Emilie Gatineau, Fanny Pezet, Karine Sultan, Olivier Saba, Douceline Chabord, Guillaume Leonard, Jean-Florent Mandelbaum and Paul Cauchin of Bredin Prat acted as legal advisor to SoftBank. François Hellot, Agathe Bourdillon, Jordan Ohayon, Matthias von Oppen, Valentin Pfisterer, Muriel Pariente, Jordan Cohen, Christophe Lemaire and Guillaume Vatin of Ashurst LLP acted as legal advisor and TAP Securities LLC acted as financial advisor of Balyo.