Elvinger Hoss Prussen advised B&S Group S.A. in connection with the recommended all-cash offer launched by ELBF Investments Netherlands B.V. (the “Offeror”), an affiliate of Sarabel Invest S.à r.l. and/or Sarabel II B.V, for all the issued and outstanding shares of B&S, valued at approximately EUR 518 million for 100% of the shares.
Upon completion of the offer, the Offeror, together with shares already directly or indirectly held, acquired approximately 99.50% of B&S Group's outstanding capital, resulting in the delisting of B&S Group from Euronext Amsterdam.
After settlement of the offer, the shareholders of B&S approved post-closing restructuring measures, including the sale to the Offeror of B&S’ assets and the subsequent dissolution and liquidation of B&S.
The team was led by Partner Thierry Kauffman and included Counsel Clemens Thill and Associate Camie Davin (all Corporate/M&A). Partner Nadège Le Gouellec supported the team on the tax aspects of the transaction.
