Ashurst advised Arc International, the French glass and tableware maker, on its €250m deal with a consortium of investors.

This consortium of investors is composed of the Russian Direct Investment Fund (RDIF), CDC International Capital (CDC IC), a subsidiary of the French sovereign financial institution Caisse des Dépôts, and Bahrain Mumtalakat Holding Company (Mumtalakat).

Thanks to this investment, Arc International will implement a global investment program including expansion of its existing production facilities in France and in Russia and construction of a new state-of-the-art glassware plant in Kaliningrad (Russia).

The deal follows a preliminary agreement signed on 17 June 2016.

The Ashurst Paris team was led by corporate partner Bertrand Delaunay and composed of partner Laurent Mabilat advised on the financing aspects; and partner Nadine Gelli advised on the tax aspects of the transaction.