King & Wood Mallesons has advised Eurazeo PME, the investment subsidiary of Eurazeo, on its investment to acquire 88% of Orolia alongside the founders and management.

The transaction should be completed in April 2016, subject to the lifting of the standard conditions precedent, will see Eurazeo PME taking a 50.1% stake and become majority shareholder in Financière Orolia, with the remaining two co-founders holding 40% and management the remaining 9.9%.

Based in Sophia-Antipolis (south of France), Orolia is a world leader in reliable GPS-type signals, enabling the proper functioning of the most critical positioning, navigation, timing, and synchronization solutions. It provides these technologies to public or private customers, whose systems and infrastructures demand the highest levels of precision, quality and availability.

Eurazeo PME is an investment firm and subsidiary of Eurazeo dedicated to majority investments in French SMEs with an enterprise value of less than €200 million.

King & Wood Mallesons activated a multi-jurisdictional cross-practice team including Corporate partners Maxence Bloch and William Robert in Paris and Laura Brunnen in London, as well as associates Edouard Baladès, Maëliss Bourbon and Will Carlyle, and of Tax partner Raphaël Béra with counsel Gwenaël Kropfinger.