Tessi SA (ENXTPA:TES) entered into exclusive agreement to acquire 70% stake in Owliance SAS from BlackFin Financial Services Fund, FCPR managed by Blackfin Capital Partners SAS on May 10, 2018. Owliance reported a turnover of approximately €29 million in 2017. The completion of the transaction is subject to the consultation of the Works Council. Matt Jiggins, Bettina Denis and Antoine Gaudin of Deloitte acted as financial due diligence provider and Arnaud Mourier and Céline Lequippe of Taj acted as legal due diligence provider while Alexandre Duguay of Weil, Gotshal & Manges LLP acted as legal advisor to Tessi. Rothschild & Co acted as financial advisor to Owliance. Canaccord Genuity acted as financial advisor to Tessi.