DEAL DONE!! We are delighted to announce the successful delisting of L'Occitane from the Hong Kong Stock Exchange. We are proud that CFI France, led by Jean-Marc Teurquetil, has played an instrumental part in this complex transaction. With more than 90% of the minority shareholders accepting the offer in cash or shares issued by the holding company L’OCCITANE Group, the operation has provided Reinold Geiger with €2 billion, enabling him to completely privatize the L'Occitane Group. This will allow the main brands Sol de Janeiro, l'Occitane en Provence, Elemis and Erborian to develop in the medium term without the pressure of the financial markets. Head to our website to find out more: https://bit.ly/45RHYGF
CFI is pleased to announce that it acted as corporate finance advisor to L’OCCITANE Group S.A. in the financing of its public tender offer for L’Occitane International S.A., in order to acquire all shares of the company and delisting it from the Hong Kong Stock Exchange. The offer price of 34 HKD per share values L’Occitane International S.A. at approximately €6 billion. CFI France has raised €2 billion to buy out all minority shareholders of the company. Of this €2 billion, €1.6 billion is provided as quasi-equity by Blackstone Inc. and Goldman Sachs Asset Management International, with an additional €400 million in debt from Crédit Agricole Corporate and Investment Bank (CA-CIB). L’Occitane Group S.A., controlled by Reinold Geiger, who is already the majority shareholder of L’Occitane International S.A., initiated this operation to focus on the development of the Group’s brands, particularly L’Occitane en Provence, Sol de Janeiro, Elemis, and Erborian. "𝘖𝘶𝘳 𝘵𝘦𝘢𝘮 𝘪𝘴 𝘱𝘳𝘰𝘶𝘥 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘓’𝘖𝘤𝘤𝘪𝘵𝘢𝘯𝘦 𝘎𝘳𝘰𝘶𝘱 𝘪𝘯 𝘪𝘵𝘴 𝘴𝘵𝘳𝘢𝘵𝘦𝘨𝘪𝘤 𝘨𝘳𝘰𝘸𝘵𝘩, 𝘱𝘢𝘳𝘵𝘪𝘤𝘶𝘭𝘢𝘳𝘭𝘺 𝘪𝘯 𝘵𝘩𝘪𝘴 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯 𝘵𝘩𝘢𝘵 𝘸𝘪𝘭𝘭 𝘦𝘯𝘢𝘣𝘭𝘦 𝘵𝘩𝘦 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘰𝘧 𝘪𝘵𝘴 𝘢𝘤𝘵𝘪𝘷𝘪𝘵𝘪𝘦𝘴 𝘣𝘺 𝘣𝘦𝘤𝘰𝘮𝘪𝘯𝘨 𝘢 𝘱𝘳𝘪𝘷𝘢𝘵𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘺, 𝘪𝘯𝘥𝘦𝘱𝘦𝘯𝘥𝘦𝘯𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘧𝘭𝘶𝘤𝘵𝘶𝘢𝘵𝘪𝘰𝘯𝘴 𝘰𝘧 𝘵𝘩𝘦 𝘏𝘰𝘯𝘨 𝘒𝘰𝘯𝘨 𝘚𝘵𝘰𝘤𝘬 𝘌𝘹𝘤𝘩𝘢𝘯𝘨𝘦," states Jean-Marc Teurquetil, chairman and managing partner of CFI France. Head to our website to find out more: https://bit.ly/45RHYGF Congratulations to the deal team Jean-Marc Teurquetil, Sébastien L. and Achraf Ben Meftah #mergersandacquisitions #corporatefinance #manda #cosmetics #cleanbeauty #branddevelopment