Petit Forestier SA cancelled the acquisition of Fraikin SAS from CVC Capital Partners Limited and Eurazeo (ENXTPA:RF).
January 18, 2017
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Petit Forestier SA agreed to acquire Fraikin SAS from CVC Capital Partners Limited and Eurazeo (ENXTPA:RF) on June 30, 2016. French banks ensured the deal financing. To finance the structuring acquisition, Petit Forestier supported with the amount of 43.3% by Sofina. Fraikin SAS recorded revenue of €656 million. The deal is subject to the preliminary authorization of the competition authorities. José Desfilis, Isabelle Buffard Bastide, Petit Forestier, Frédéric Pinet, Sophie Fournier-Dedoyard and Frédéric Mandel of Desfilis & Associes, C. Lemaire and S. Naudin of Ashurst LLP and May Jarjour of De Gaulle Fleurance & Associes acted as legal advisors and Jean-Marc Forneri, Romain Petit, Etienne Fourquet, Marc Faraggi of Bucephale Finance SAS acted as financial advisors for Petit Forestier. Eric Demuyt and Mathieu Morisot of Eight Advisory acted as financial advisor for Petit Forestier SA. Sylvie Scelles-Tavé, Murielle Brunner, Nicolas Remy Neris and Alexis Martin of Grant Thornton France acted as an accountant for Petit Forestier. Fabrice de La Morandière, Clotilde Billat, Laure Bauduret, Anne Wachsmann, Thomas Elkins, Edouard Chapellier, Louise Villepelet, Jacek Urban, Sébastien Pontillo, Aurélie Chavinier, Thomas de Wailly, Neeloferr Roy, Pierre Roux, Anne-Flore Millet, Aymar de Mauléon, Maxime Ponsan, Caroline Schumacher, Damien Baud, Aurélien Fournier, Kathryn Merryfield, Arnaud de La Cotardière, Laurent Victor-Michel, Sharon Mitz and Géric Clomes of Linklaters LLP acted as legal advisors to CVC Capital Partners Limited, Fraikin and Eurazeo. JP Morgan acted as financial advisor for sellers. Lazard Ltd (NYSE:LAZ) acted as a financial advisor to Fraikin SAS. BNP Paribas acted as financial advisor to Petit Forestier SA.
Petit Forestier SA cancelled the acquisition of Fraikin SAS from CVC Capital Partners Limited and Eurazeo (ENXTPA:RF) on January 19, 2017. The deal was withdrawn because of the conditions imposed by the French Competition Authority.
Eurazeo SE is a leading European investment group with diversified assets under management of EUR 35 billion, including EUR 24.2 billion on behalf of institutional and individual clients through its private equity, private debt, real estate and infrastructure strategies. The group supports over 600 mid-market companies, leveraging the commitment of its 400 employees, its sector expertise, its privileged access to global markets via 12 offices in Europe, Asia and the United States, and its responsible approach to value creation based on growth. Eurazeo's institutional and family shareholding and its solid financial structure ensure its long-term viability.
Eurazeo SE has offices in Paris, New York, London, Frankfurt, Berlin, Milan, Madrid, Luxembourg, Shanghai, Seoul, Singapore and Saõ Paulo.
EURAZEO SE 
