Jeantet advises groupe Open in the context of the simplified tender offer for its shares launched by its controlling shareholder New Go
Paris, May 31, 2022, Jeantet advised Groupe Open, a company specialized in assisting companies and organizations in their digital transformation, in connection with the simplified tender offer for its shares, launched by its controlling shareholder New Go, followed by a squeeze-out and the delisting of its shares from the regulated market of Euronext Paris.
Under the terms of agreements entered into on January 7, 2022, New GO (a company controlled by the founders of Groupe Open acting in concert with Montefiore Investment) acquired from Amiral Gestion and Sycomore Asset Management two blocks of Groupe Open shares representing together 14.93% of the share capital. On January 12, 2022, the Board of Directors of Groupe Open approved the principle of the simplified tender offer motivated by (i) Groupe Open’s intent to no longer use the market to finance itself, (ii) New GO’s intent to offer Groupe Open’s minority shareholders the opportunity to benefit from total liquidity and (iii) New GO’s intent to alleviate regulatory and cost constraints induced by the listing of Groupe Open.
The simplified tender offer, declared compliant by the French financial markets authority (Autorité des marchés financiers) on March 29, 2022 and opened from March 31 to April 13, 2022 (included), offered Groupe Open’s minority shareholders a price of €33.50 per share. The squeeze-out followed by the delisting of the Group Open shares took place on April 21, 2022 at the same price as the one proposed under the simplified tender offer.
Several related transactions, including a reorganization of the share capital of New GO, were carried out following the delisting of the Groupe Open shares, resulting in particular in the increase of Montefiore Investment’s ownership in the share capital of New GO, with Montefiore Investment becoming the majority shareholder in that company.
Jeantet (legal counsel of Groupe Open on all capital markets law aspects): Cyril Deniaud (Partner, Capital Markets) and Guillaume Soulé (Associate, Capital Markets).
BM&A, represented by Mr. Pierre Béal, was appointed as an independent expert by the Board of Directors of Groupe Open, upon recommendation from its ad hoc committee, in order to assess the fairness of the price proposed to minority shareholders in the context of the simplified tender offer and with a view to the squeeze-out.
Ayache and Shearman & Sterling acted as legal counsels of the founders of Groupe Open and of Montefiore Investment, respectively.
D&A acted as financial advisor in connection with the transaction.
Oddo BHF acted as the presenting bank for the transaction.
Jeantet advises LIDL on the acquisition of 19 supermarkets under the AUCHAN brand
Paris, July 25, 2025 – Jeantet advised the retail chain Lidl on the planned acquisition of 19 supermarkets currently operated under the Auchan banner. Auchan’s employee representative bodies are currently being consulted regarding the contemplated transaction. The completion of the deal remains subject to the fulfilment of several conditions, including clearance from the French Competition […]
Paris | CORPORATE – M&A – PRIVATE EQUITY
Jeantet advises a consortium of banks on the financing of the acquisition and refurbishment of hotel Paris-Charles de Gaulle by LUITEN VAN DER VALK GROUP
Paris, July 23, 2025 – Jeantet has advised ING BANK N.V., COÖPERATIEVE RABOBANK U.A. and ABN AMRO BANK N.V., in connection with a structured secured financing to LUITEN VAN DER VALK hotel and leisure group for the acquisition of the SHIR, a company owning the Atrium Hotel & Conference Centre Paris – Charles de Gaulle, […]
Paris | BANK-FINANCE-REGULATORY
Jeantet advises DREAMPATH DIAGNOSTICS on the acquisition of a stake by SUMMIT PARTNERS
Paris, July 16, 2025 – Jeantet advised Dreampath Diagnostics, a group specializing in automation and traceability of anatomical pathology samples, on Summit Partners’ acquisition of a minority stake. The transaction aims to accelerate Dreampath Diagnostics’ international growth and strengthen its offering of solutions for digitizing laboratory processes. Founded in 2012, the Dreampath Diagnostics group offers […]
Paris
Jeantet advises COGELEC and the shareholders of COGELEC DEVELOPPEMENT, majority shareholder of COGELEC, in the context of the proposed acquisition of COGELEC DEVELOPPEMENT by LEGRAND, prior to the filing of a simplified tender offer on COGELEC shares
Paris, July 11, 2025 – Jeantet advises Cogelec (a company listed on the Euronext Growth Paris market), French specialist of the housing access control, as well as the shareholders of Cogelec Développement, indirect majority shareholder of Cogelec, in the context of the contemplated acquisition of the Cogelec Développement shares by Legrand (a company listed on […]
Paris | CAPITAL MARKETS AND STOCK EXCHANGE LAW
Jeantet advises Oxylabs in connection with its acquisition of Scrapingbee
Paris, July 4, 2025 – Jeantet advised Oxylabs, one of the market-leading companies in web scraping solutions, in connection with its acquisition of ScrapingBee, a French fast-growing web scraping company known for its developer-friendly solutions. Through this strategic acquisition, Oxylabs significantly expands the Oxylabs group’s ecosystem as well as its target clientele, now addressing direct […]
Paris | CORPORATE – M&A – PRIVATE EQUITY
Jeantet advises BPIFRANCE on the financing of the development and construction of a wind fram owned by the WYSERNERGY group
Paris, June 24, 2025 – Jeantet advised BPIFRANCE on the implementation of financing in the principal amount of approximately €17 million to fund the development and construction of a wind farm located in the municipality of Faux-Fresnay, led by the WYSENERGY group.
Paris | BANK-FINANCE-REGULATORY
Jeantet advises AEQUITA on the acquisition of european olefins et polyolefins assets from chemicals group LYONDELLBASELL
Paris, June 27, 2025 – Jeantet acted as French legal counsel to AEQUITA SE & Co. KGaA, a global industrial group headquartered in Munich, in connection with the signing of an agreement and entry into exclusive negotiations to acquire four European olefins and polyolefins assets from chemicals group LyondellBasell. The transaction covers plants located in […]
Paris | CORPORATE – M&A – PRIVATE EQUITY
Jeantet assists Melvan in its €25 million fundraising to accelerate its development in France
Paris, June 26, 2025 – Jeantet assisted Melvan, a multi-technology renewable energy producer and developer, in opening its capital to a consortium of investors composed of Bpifrance, through its France Investissement Énergie Environnement 2 fund, IDIA Capital Investissement, through its Crédit Agricole Energie & Economie Bas Carbone I fund, and a pool of investors from […]
Paris | CORPORATE – M&A – PRIVATE EQUITY | PUBLIC LAW – PUBLIC CONTRACTS | ENERGY AND NATURAL RESOURCES LAW | BANKING AND FINANCE LAW | EMPLOYMENT
Ginestié and Jeantet form a strategic partnership
Paris, June 20, 2025 – Jeantet and Ginestié Paley-Vincent announce the entry into a strategic partnership, effective October 1, 2025. This alliance is based on a common vision of the legal profession, its evolution, and its requirements. This partnership represents a significant milestone in the development of Ginestié Paley-Vincent, which has decided to join forces […]
Paris
JEANTET ASSISTS SIRIUS SPACE SERVICES IN ITS ACQUISITION OF S.E.R.M FROM THE FIVES GROUP
Paris, June 19, 2025 – Jeantet advises Sirius Space Services, a player in the space sector, on the acquisition of S.E.R.M (Société d’Études et de Réalisations Mécaniques), a historic precision machining site, accompanied by a strategic partnership with the Fives group and its subsidiary AddUp, a specialist in metal additive manufacturing. With this strategic acquisition, […]
Paris | CORPORATE – M&A – PRIVATE EQUITY
JEANTET ADVISES CENTREON IN CONNECTION WITH ITS ACQUISITION OF QUANTA IO
Paris, June 13, 2025 – Jeantet is advising Centreon, a trusted partner in digital performance monitoring, in connection with its acquisition of Quanta.io, a French software company renowned for its expertise in Web Performance and Green IT. Through this strategic acquisition, Centreon becomes the only private and independent vendor to offer an end-to-end observability platform […]
Paris | CORPORATE – M&A – PRIVATE EQUITY
Jeantet advises CUREETY in connection with its acquisition of CONTINUUM PLUS SANTÉ
Paris, June 6, 2025 – Jeantet is advising Cureety in connection with its acquisition of the company Continuum Plus Santé, both specializing on remote monitoring for cancer patients. Through this acquisition, Cureety consolidates its leadership position in remote monitoring in oncology, particularly through better management of the “Hospital-City-Home” care pathway by enabling the involvement of […]
Paris | CORPORATE – M&A – PRIVATE EQUITY