Invivo Retail agreed to acquire 2MX Organic S.A. (ENXTPA:2MX) for approximately €550 million in a reverse merger transaction on June 9, 2022. After the acquisition InVivo Retail would become a 100% owned subsidiary of 2MX Organic and InVivo group would become the majority shareholder with at least 59.76% of the share capital of 2MX. The implied pro forma enterprise value of 2MX Organic post completion of this transaction would amount to €1,030 million.

Invivo Retail has a turnover of €867 million and EBITDA of €99 million in 2021. The Contribution is subject to Capital Increase, regulatory approval and approval of the shareholders of 2MX Organic and Board of 2MX approved the deal. The transaction is expected to close on July 29, 2022.

Natixis Partners acts as financial advisor and Olivier Josset and Raphaël Teyssot of Fidal acted as legal advisor to the InVivo group. Centerview Partner, Société Générale and Deutsche Bank acted as financial advisor and Maud Bakouche, Bruno Cavalié, Bruno Laffont, Bernard Laurent-Bellue, Mélanie Jaouen, Yousra Khallouki, Fabrice Rymarz, Xavier Rollet, Quentin Cournot, Romain Taugourdeau, Sophie Pasquesoone, Anne Rogez, Chloé Guyenet, Marie Tartuffo, Bastien Thomas and François Aubin of Racine and Pierre-Emmanuel Chevalier, Oscar Da Silva and Florent Descamps of Sekri Valentin Zerrouk acted as legal advisors to 2MX Organic.