Makheia Group Société Anonyme (ENXTPA:ALMAK) acquired Big Youth on January 6, 2014. A part of purchase consideration will be paid as earnout. The transaction will be entirely financed in equity, through the fund raising of €2.5 million (AUD 3.8 million) in convertible bonds carried out in June 2013. As a part of transaction, Ammin Youssouf and David Mossaz, will retain the management of Big Youth and join Executive Steering Committee of Makheia Group and will also direct the digital strategy of Makheia. Gérard Cohen and Etienne Epron of Ngo Cohen Amir-Aslani & Associés acted as legal advisors to sellers. Henry Turquand d'Auzay and Benoît Jacquot of Sodica Corporate Finance acted as financial advisors to sellers. Frédéric Gourdon of Granrut Vatier Baudelot & Associés acted as legal advisor to Makheia Group Société Anonyme.

Makheia Group Société Anonyme (ENXTPA:ALMAK) completed the acquisition of Big Youth on January 6, 2014.