BW Ideol AS signed a share purchase agreement to acquire remaining 50% stake in Ideol SA from its founders and employees for €60 million.

BW Ideol AS signed a share purchase agreement to acquire remaining 50% stake in Ideol SA from its founders and employees for €60 million on February 16, 2021. Post-completion, Ideol S.A. becoming a wholly owned subsidiary of the BW Ideol. Ideol's founders and employees will remain being the shareholders and transfer their holdings to BW Ideol.

They will also continue to lead the company, backed by BW Offshore Limited (OB : BWO) as a long-term industrial partner. The transaction is expected to complete in the first quarter of 2021. Laurent Schoenstein, Cécile Zoro, Omar El Arjoun, Emily Xueref-Poviac, Gauthier Martin of Clifford Chance and Géraud de Franclieu and Clémence Corpet of Sekri Valentin Zerouk, Gilles Roux and Martin Kyuchukov-Roglev of Villechenon acted as legal advisors to sellers.

Arnaud Félix, Guillaume Pouyet, Adrien Launay, Mohamed Douib, Romain Girtanner, Arnaud Troizier, Philippe Wolanski, Julie-Anne Thiebaut, Pauline Mordacq Emilie de Vaucresson, Violaine Besson and Arnaud Bénézeth of Watson Farley & Williams acted as legal advisor to BW Offshore Limited. Pauline Mordacq of Ergon Avocats and Emilie de Vaucresson of EDV Avocats acted as the legal advisors for Watson Farley & Williams. Violaine Besson Nomura Greentech acted as financial advisor and Sekri Valentin Zerrouk and Wikborg Rein & Co. acted as the legal advisor for Ideol SA.