CMS Bureau Francis Lefebvre Lyon has advised Eric Botton, the owner-manager of Bexley, on the sale of the company's stake in LBO France as part of a management buy-in (MBI).

Present in France and Belgium via around 15 points of sale, as well as on the internet, Lyon-based company Bexley sells shoes, as well as menswear and accessories. It has a turnover of around €35m and employs 75 people in France.

The sale was completed on 30 November 2017.

Parties involved in the transaction:

Jean-Thomas Heintz and Emmanuel Faury, Partners at CMS Bureau Francis Lefebvre Lyon, advised Eric Botton on legal and tax aspects.

Didier Grégoire, Partner at CMS DeBacker advised on the Belgian aspects of the transaction.

LBO France was advised by Mayer Brown for legal aspects, with Xavier Jaspar and Emily Pennec and Arsene Taxand with Denis Andres for tax aspects.