Winnipeg Participations entered into exclusive discussions to acquire 58.3% stake in Harvest S.A. (ENXTPA:ALHVS) from founders Brice Pineau and Jean-Michel Dupiot, and others for €66 million on December 17, 2018. As part of consideration, Five Arrows Managers SAS (controlling shareholder of Winnipeg) agreed to per share consideration of €85. Post the transaction, Five Arrows intends to launch a public offer to acquire the remaining shares for the same price. The transaction is subject to consultations with Harvest's board and is expected to close in the first months of 2019. Brice Pineau and Jean-Michel Dupiot, have committed to reinvesting a part of the sale proceeds in the Winnipeg. Olivier Guignon, Oriane Durvye, David Kieffer and Camil Bouder of Alantra Corporate Finance, S.A. acted as financial advisors and Mayer Brown acted as the legal advisor to Harvest. Eight Advisory acted as the financial due diligence advisor and Roland Berger Strategy Consultants acted as the strategic due diligence advisor to Brice Pineau and Jean-Michel Dupiot. Wagram Corporate Finance acted as financial advisor to Five Arrows Principal Investments, shareholder of Winnipeg Participations.