Clifford Chance has advised Fortune Fountain Capital (“FFC”), a prominent Asia financial group established as a family office, on its acquisition from Starwood Capital and L Catterton Partners of 88.8% of the share capital of Baccarat, the internationally renowned French luxury Crystal Maison.

FFC would acquire the shares from Starwood and L Catterton Partners at a price of €222.7 per share. The closing of the block purchase would be followed by a mandatory tender offer filed with the AMF.

The proposed acquisition of the block by FFC will need to go through the applicable Work Council consultation process in France and be subject to regulatory approvals.

Fortune Fountain Capital was advised by Clifford Chance in Paris with Thierry Schoen and Aline Cardin, partners, Xavier Petet, Counsel, and Fabien Goudot, associate.