by matt | Oct 21, 2021 | deals
Fairway advised Stam Europe in the setting up of a financing with LCL bank in the context of the acquisition of a logistics portfolio in partnership with a North American institutional investor. The purpose of the financing, a master facility agreement, is to refinance the acquisition of existing assets and to finance assets under development.
The Highlands II fund has already completed six transactions for a total asset value of approximately €90 million and says it is “analyzing new investment opportunities to complete its portfolio”.
by matt | Oct 11, 2021 | deals
Fairway advised Generali Real Estate on the sale of the Terra Nova V building to the private equity fund Appolo, accompanied by Hemisphere. This transaction was carried out in the form of a share deal.
Terra Nova V is a 19,000 square meter office building located in Montreuil and built in 2010. The complex is now fully leased on a long-term basis to BNP Paribas, which occupies most of the space (13,000 square meters), as well as to the CPAM and United Entrepreneurs. Already served by the RER via two different stations, the site will benefit from a connection to line 15 of the Paris metro system in the coming decade.
by matt | Sep 2, 2021 | deals
Fairway advised the founders of the Kabo Family Group in the context of the sale of a majority stake to the European audiovisual production group Asacha Media Group.
The Kabo Family Group, created in 2004, includes a dozen companies and labels and is the producer of successful series such as “Scènes de Ménages” and “En Famille” for M6, which are entering respectively their 13th and 10th seasons, “Le Mensonge” for France 2, “Mixte” for Amazon Prime Video and “Girlsquad” for France Télévisions Numérique.
With the acquisition of Kabo Family Group, Asacha Media Group says it is actively pursuing its international rollout with the support of Oaktree.
by matt | Jul 29, 2021 | deals
Fairway advised Wereldhave on the sale of four of its six French shopping centres to Lighthouse Capital for €305m. The portfolio includes Docks Vauban in Le Havre, Docks 76 and Saint Sever in Rouen, and Rivetoile in Strasbourg.
In February 2020, Wereldhave had unveiled a new targeted strategy, called LifeCentral, aimed at anticipating long-term trends by transforming its assets into “Full Service Centres”, i.e. mixed-use assets that combine retail, food, entertainment, fitness, healthcare, coworking and housing and seek to meet all the daily needs of consumers under one roof. To fund its LifeCentral strategy, the group had prepared in early 2020 to exit France.
“With valuations stabilising and the vast majority of our divestments now completed, we have a strong balance sheet and sufficient cash to step up our LifeCentral strategy,” said Matthijs Storm, CEO of Wereldhave.
by matt | Jul 27, 2021 | deals
[FAIRWAY…TO THE DEALS] From medical devices to boilers, via the Cannes Film Festival, Sandrine Benaroya (Partner) and Louise Abbou (Associate) have completed three deals since their arrival.
[DEAL 1] Counsel to the FCDE (Fonds de Consolidation et de Développement des Entreprises) in the context of its majority investment in the Didactic group, alongside the group’s main managers.
Didactic specialises in the development, production, sterilisation and supply of medical devices. With this acquisition, CDEF, in partnership with the management team, aims to support the development and transformation of Didactic into a European leader. The group will benefit from the experience and resources of the CDEF in conducting transformative consolidation projects.
For more information – Press release : https://www.linkedin.com/posts/fcde-fonds-de-consolidation-et-de-d%C3%A9veloppement-des-entreprises_fcde-acquires-didactic-alongside-its-management-activity-6800326997508673536-6Ah6
[DEAL 2] Advice to the FCDE (Fonds de Consolidation et de Développement des Entreprises) on its exit from the Babcock Wanson Group.
Babcock Wanson is a leading international supplier of equipment and solutions for industrial boiler rooms. Five years after its emancipation from the CNIM group, Babcock Wanson is reorganising its shareholding. It therefore sees the FCDE (majority shareholder since 2016), which had supported this spin-off, sell its stake to Kartesia alongside the management.
For more information – Press release : https://www.linkedin.com/posts/fcde-fonds-de-consolidation-et-de-d%C3%A9veloppement-des-entreprises_fcde-sells-its-stake-in-babcock-wanson-to-activity-6800328237168762880-vZcU
[DEAL 3] Counsel to Hugo Sélignac (Chi Fou Mi Productions) in the context of the sale of a majority stake to Mediawan.
Founded in 2010 by Hugo Sélignac, the production studio Chi-Fou-Mi has had a string of successes, including the production of Antonin Baudry’s Le Chant du Loup, Quentin Dupieux’s Mandibules, Gilles Lellouche’s Le Grand Bain, Jeanne Herry’s Pupille and Cédric Jimenez’s Bac Nord, which was screened at the last Cannes Film Festival. The aim of the majority transfer to Mediawan is to accelerate the company’s growth in order to make even more ambitious films.
