Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) entered into an agreement to acquire CHRYSO SAS from funds advised by Cinven France SA for €722 million on May 20, 2021. Saint-Gobain will fully finance the acquisition using the proceeds from divestments made by Saint-Gobain. For the last twelve months, CHRYSO SAS had revenues of approximately €400 million and an EBITDA of €85 million. The transaction is subject to the approval of the relevant competition authorities and is expected to be finalized in the second half of 2021. As of August 3, 2021, The Competition Authority (AdC) approved the transaction. Lazard acted as financial advisor, and Olivier Diaz, Charles de Reals, Corentin Charlès, Henri Stiegler, Magali Buchert, Antoine Choffel, Franck Audran, Jean-Nicolas Clément and Nathalie Benoit of Gide Loyrette Nouel acted as legal advisors to Saint-Gobain. Julien Rebibo, Radu Valeanu and Nicolas Barberis of Freshfields Bruckhaus Deringer LLP acted as legal advisors to Cinven. Dechert LLP acted as legal advisor, and Callisto acted as financial advisor to CHRYSO. Vincent Delmas and Amaury Dubois of KPMG acted as due diligence provider to Cinven France SA.

Compagnie de Saint-Gobain S.A. (ENXTPA:SGO) completed the acquisition of CHRYSO SAS from funds advised by Cinven France SA on September 29, 2021. François Hellot in Private Equity, with the support of Anne Reffay in Private Equity, Mariana Simon and Louis Rainguenet in Private Equity of Ashurst LLP acted as legal advisors to Chryso in the transaction.