King & Wood Mallesons SJ Berwin advised Finachef, a holding of Hubert François, manager of the Salins group, on the acquisition of the salt producer alongside Oxylis.

Owned by Chequers Capital, Abénex Capital and Omnes Capital since 2004, the Salins group will be sold to Finachef, owned by Hubert François and his family, as well as to Oxylis. After having obtained approval from the staff representative bodies, the operation is now subject to the regulatory authorisations.

Created more than 150 years ago, the Salins group is one of the main European salt producers and the only pure salt producer exclusively dedicated to the production and commercialisation of salt. It is also the only European producer who is expert in the 3 different salt production techniques - solar, vacuum and rock salt. The group employs 1500 persons and, at the end of its financial exercise closed in June, the group generated an annual turnover of €240 million.

The King & Wood Mallesons SJ Berwin team was composed of Corporate partner Maxence Bloch, counsel David Diamant and associate Mathieu Terrisse, as well as of Finance partner Olivier Vermeulen and associate Tereza Courmont-Vlkova, and of Tax partner Raphael Béra and counsel Gwenael Kropfinger.