Clifford Chance advised Perceva, the independent French investment firm, on its binding offer coupled with exclusive arrangements with Masonite International Corporation (NYSE: DOOR), a leading global designer and manufacturer of interior and exterior doors, for the acquisition of its French subsidiary, Premdor S.A.S.

The transaction is subject to customary conditions including anti-trust approvals as well as consultations with employee representatives.

Headquartered in Bordeaux, Premdor S.A.S. and its subsidiaries manufacture and distribute doors, pre-hungs and frames to the commercial and residential markets. Premdor is a leader in the French market with 2014 turnover of approximately €100 million and more than 680 employees.

Clifford Chance advised Perceva with a team comprising of Thierry Schoen (partner), Christopher Grey (associate) for M&A, Christian Lachèze (of counsel) for Labor Law, Emmanuel Durand (partner) for Antitrust, Britta Hardeck (associate) for Tax and Grégory Sroussi (associate) for commercial contracts.