Norton Rose Fulbright has advised SNC-Lavalin on the sale to Ciclad and Impact Holding of its ongoing activities in France and Monaco. The transaction was completed on December 30, 2016.

The transaction comprises the disposal of SNC-Lavalin’s O&M business of 19 airports located in medium-size cities in France, 13 infrastructure engineering agencies and its maintenance and operation facility of Rouen’s port. These activities include approximately 1,100 employees.

Karine Montagut, corporate partner at Norton Rose Fulbright Paris, comments: “We are delighted to have assisted SNC-Lavalin on this significant transaction, which is aligned with the repositioning of the group on their global core business strategy and marks a smooth transition of their local non-core business for their continuation and development to French investors, among whom one having a deep knowledge of the complex engineering and airports operations and maintenance markets.”

The Norton Rose Fulbright team that advised SNC-Lavalin was led by Karine Montagut and Bénédicte Denis, corporate partners in Paris specialized in M&A operations, assisted by Marie-Adélaïde de Fleurieu, senior associate, and supported by Douglas Remillard, Charlotte Grolimund and Madeleine Utrata. Marta Giner Asins, partner, and Yann Anselin, senior associate, were in charge of the antitrust aspects of the operation. Marc d’Haultfoeuille, partner, and Geoffroy Coulouvrat, were in charge of the IT and transitional service agreement. Alain Ricard and Martin Thiériault, partners from the Montreal office, were in charge of the banking aspects of the transaction.

Other counsel: Christine Hillig-Poudevigne, partner at Moisand Boutin et Associés, intervened on the employment aspects of the transaction.

The buyers were advised by Thomas Hermetet, partner at HPML.