FLCP & Associés signed an agreement to acquire 35.5% stake in Focus Home Interactive Société anonyme (ENXTPA:ALFOC) from Societe Civile Nabuboto and Innelec Multimédia SA (ENXTPA:INN) for €75.3 million on July 8, 2020. FLCP & Associés shall acquire 1.88 million shares of Focus Home Interactive at €40 per share. Under the terms of the agreement, Nabuboto would reinvest €11.3 million in FLCP.

Upon completion, it is planned that FLCP will suggest three new members to be appointed to the Supervisory Board of Focus Home Interactive to replace existing members. In addition, Fabrice Larue will become Chairman of the Supervisory Board. Thus, upon completion, four members will remain on the Supervisory Board, three of them appointed according to FLCP's suggestion and Denis Thébaud.

Completion is expected at the end of July 2020. Rothschild & Co SCA acted as financial advisor to of Focus Home Interactive Société anonyme. Florence Khayat and François Gallizia of Eight Advisory carried out financial due diligence on behalf of FLCP & Associés.