Ashurst is advising on the sale of Spir Communication's division specialising in the distribution of physical and digital advertising inserts to investors Eric Paumier, Frédéric Pons (Colis Privé owners) and Guillaume Salabert (Cibléo owner).

The division employs more than 20,000 people in four companies - Adrexo, Advertising Productions, Advertising Services, and CIP.

This transaction is part of the group restructuring plan and reflects its intention to refocus activities on real estate advertisements. The deal completed on 3rd January 2017.

The Ashurst Paris team was led by dispute resolution and restructuring partner Jean-Pierre Farges, assisted by corporate partner Bertrand Delaunay and associates Séverine Gallet and Lucie Martin, and by tax partner Nadine Gelli and counsel Priscilla van den Perre.