Osborne Clarke advised the Belron group on the deal.
The Belron group, as part of a competitive process, plans to sell the Carglass® Maison group to a joint venture between Mutares (80%) and HomeServe France (20%).
The transaction is subject to a certain number of conditions, including the opinion of the employee representative bodies and the authorization of the regulatory authorities.
The Carglass® Maison (CGM) group, previously known as Maisoning, is a renowned French specialist in home repair and emergency, with over 50 years of experience and two main activities. Within the Emergencies division, CGM provides rapid on-site intervention to resolve daily problems, such as repairing a leak or unlocking a door. Within the Works & Renovation division, CGM carries out planned work such as improvement or renovation, as well as disaster recovery work on behalf of insurers.
CGM is made up of 6 companies and a minority stake, has 28 branches in France and covers 100% of mainland France. CGM employs more than 500 people.
HomeServe France is a subsidiary of the British company of the same name, a world leader in home services, listed on the London Stock Exchange. With a mission to simplify home repairs and upgrades, HomeServe France has been the leading service company in its market for 20 years.
The Belron group was advised by: Osborne Clarke Paris on M&A and social aspects: M & A / Corporate and lead: David Haccoun (Picture), partner, Anne-Laure Laroussinie, counsel and Cyrille d’Amécourt, associate, Labor law: Jérôme Scapoli, partner; Valoren on the Restructuring aspects with Virginie Verfaillie Tanguy, partner and Morgane Valla, associate; Bird & Bird on Antitrust aspects with Thomas Oster, partner; Arsène Taxand on tax aspects with Brice Picard, partner and Camille Cherruault, associate.
The buyers were advised by:
Jeantet on M&A and social aspects: M&A: Michael Samol, counsel, and Nicolas Martin, associate, Labor law: Laetitia Ternisien, counsel.
Involved fees earner: Camille Cherruault – Arsene Taxand; Brice Picard – Arsene Taxand; Thomas Oster – Bird & Bird; Nicolas Martin – Jeantet ; Michael Samol – Jeantet ; Laetitia Ternisien – Jeantet ; Cyrille d’Amécourt – Osborne Clarke; David Haccoun – Osborne Clarke; Anne-Laure Laroussinie – Osborne Clarke; Jérôme Scapoli – Osborne Clarke; Morgane Valla – Valoren; Virginie Verfaillie Tanguy – Valoren;