Jeantet advised LBO France on its acqusistion of a majority stake in Prenax
Paris, 4th November 2020 – Jeantet advised LBO France on its acquisition of a majority stake in the French company Prenax.
This move relates to the acquisition of the subscription management operations of LM Information (LM), based in Finland, and the takeover of one of its US subsidiaries (LM Inc) and with the support of Andera Partners, makes Prenax the European leader in the procurement of information sources for corporate, government, and academic clients.
Founded in 1993, with operations in France, the United States, the United Kingdom, Australia and the 4 Nordic countries of Denmark, Finland, Norway and Sweden, Prenax is a business process outsourcing company founded, which serves its clients – mainly large companies, but also government and university stakeholders – taking charge of the information subscription’s entire lifecycle (press, magazine, website…) from order intake and processing all the way to billing
Jeantet’s team was led by Philippe Matignon (Partner, Private Equity/M&A), Pascal Georges (Counsel, Private Equity/M&A) and David Hallel (Associate, Private Equity/M&A), Gabriel di Chiara (Counsel, Tax) and Calixte Glotin (Associate, Financing).
Goodwin Procter LLP (Paris office), (Jérôme Jouhanneaud, Hind Badreddine) advised the managers.
Simmons & Simmons LLP (Paris office), (Colin Millard, Aurélien Jugand et Galina Petrova) advised the senior lenders.
McDermott Will & Emery LLP (Paris office), (Pierre-Arnoux Mayoly, Shirin Deyhim) advised Andera Partners.
PwC Société d’Avocats (Jérôme Gertler, Xavier Etienne, Bernard Borrely) was in charge of the Employment and Tax Laws Due Diligence.