PAI Europe VII managed by PAI Partners agreed to acquire 59.8% stake in Asmodée Editions SAS from Eurazeo SE (ENXTPA:RF) for an enterprise value of €1.2 billion.
July 22, 2018
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PAI Europe VII managed by PAI Partners agreed to acquire 59.8% stake in Asmodée Editions SAS from Eurazeo SE (ENXTPA:RF) for an enterprise value of €1.2 billion on July 23, 2018. PAI intends to support the current management team in its plans to grow the business further through international expansion both organically and by acquisition. Asmodee realized a turnover of €442 million in 2017. The relevant employee works councils of Asmodee will be consulted in respect of the transaction and completion of the transaction will be subject to regulatory approval, FTC approval and other customary conditions precedent. As of September 4, 2018, the deal has been approved by FTC. As of September 11, 2018, PAI Partners has filed for the European Commission approval and the provisional deadline has been set as October 16, 2018. As of October 16, 2018, the transaction is approved by European Commission. The disposal is could be finalized by fourth quarter of 2018.
Thomas Forschbach, Alexander Benedetti, Alexandre Balat, Ambre Perrochaud, Ketzia Chetrite, Emily Grimshaw, Romain Nairi, Frédéric Pradelles, Aurélien Lorenzi and Michel Houdayer of Latham & Watkins acted as legal advisers to Eurazeo and Fabrice Cohen, Thierry Arachtingi, Emmanuel Mimin, Clément Delaruelle, Mary Serhal, Alexandre Lagarrigue, Jitka Susankova, David Tayar, Sara Ortoli and Frédérique Fontaine of Clifford Chance acted as legal advisor to PAI Partners. Serge Cohen advised the managers in the deal. Eric Hamou, Guillaume Jaureguiberry, Martial Dargent, Anastasia Saldi and Hadrien Pigot of DC Advisory; Antoine Chaigne, Nicolas Veillepeau of PricewaterhouseCoopers Transaction Services acted as financial advisors; Xavier Etienne, Arielle Ohayon-Cohen of PwC Société d'Avocats acted as legal advisors to PAI Partners. Arnaud Thibésart, Hatim Chraibi, Frédéric Chatillon, Martin Duberga, Elisabeth Preyer, Roland Allain-Dupré, Charlotte Barthet of PricewaterhouseCoopers Transaction Services, Jean-Marie Messier of Messier Maris & Associés, Céline Méchain, David Kamo of Goldman Sachs acted as financial advisors; Fabien Radisic, Stanislas Bocquet of PwC Société d'Avocats acted legal advisors to Eurazeo.
Eurazeo SE is a leading European investment group with diversified assets under management of EUR 35 billion, including EUR 24.2 billion on behalf of institutional and individual clients through its private equity, private debt, real estate and infrastructure strategies. The group supports over 600 mid-market companies, leveraging the commitment of its 400 employees, its sector expertise, its privileged access to global markets via 12 offices in Europe, Asia and the United States, and its responsible approach to value creation based on growth. Eurazeo's institutional and family shareholding and its solid financial structure ensure its long-term viability.
Eurazeo SE has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Saõ Paulo.
PAI Europe VII managed by PAI Partners agreed to acquire 59.8% stake in Asmodée Editions SAS from Eurazeo SE (ENXTPA: RF) for an enterprise value of €1.2 billion.
EURAZEO SE 
