BlueGem Capital Partners LLP made an offer to acquire DMC Sas from Bernard Krief Consultants SA (ENXTPA:MLKRI) and other shareholders including the managers of DMC on May 20, 2016. In a straightforward transfer of shares, a new legal entity would be created under French Law. The transfer would not affect employees of DMC SAS, specifically there would be no impact on individual status, contracts of employment, collective agreements or workers’ representative bodies. The current management would remain in place and no change is envisaged concerning the employment or the sites of DMC SAS in France. DMC Sas reported revenue of €57 million in 2015. The transaction is expected to completed by end of July. Lionel Spizzichino, Paul Lombard, Vincent Pellier and Batiste Saint Guily of Willkie acted as legal advisor for BlueGem. Guillaume Kuperfils, Thomas Philippe, Ségolène Dufétel, Fanny Rech of Mayer Brown and François Farmine, Philippe Cazello, Alban Tourneux of Clifford Chance and Frédéric Bourgoin of FB Legal acted as legal advisor for BlueGem. Nicolas Partouche, Guillaume Fornier and Solène Thomas of Jeantet, Gilles Grinal of GKA Avocats and Delphine Bariani and Erwan Bordet of STC Partners acted as legal advisor for the sellers. Eric Bourguignon of Stifel, Nicolaus & Company, Incorporated acted as financial advisor to BlueGem.