Dixons Retail, a high-tech electronic products and household appliances retailer, has finalized the sale of all PIXmania SAS’ securities, parent company of the PIXmania group, an e-merchant which specializes in the retail sale of technical and cultural products, to mutares AG, a German listed company.
The deal was announced last September, following consultation of staff representative bodies and the signing of the acquisition agreement, and was subject to some suspensive conditions, in particular the granting of regulatory approvals.
Dixons Retail had acquired 77% of the PIXmania SAS shares in 2006. In August 2012, Dixons Retail acquired 22% of the PIXmania SAS shares that still belonged to its co-founders, the Rosenblum brothers, and acquired the remaining shares in July 2013.
The Linklaters Paris office team was led by David Swinburne, partner, with Nicolas Le Guillou and Leïla Hamidi on the corporate aspects. Aymar de Mauléon, partner, with Carole Nerguararian and Eléonore Hannezo advised on the restructuring aspects. Géric Clomes was in charge of the employment aspects. Edouard Chapellier, partner, and Cyril Boussion handled the tax aspects. Pierre Zelenko, partner, with Jérémie Marthan and David Kupka advised on the competition aspects. Linklaters teams in Brussels, Lisbon, London, Madrid and Milan also advised on local law aspects.
The Linklaters Paris office regularly advises on key deals in France as well as abroad. Our teams have recently advised l’Oréal S.A. on the acquisition of Magic Holdings International, a Hong Kong-listed cosmetics company, Schneider Electric on the acquisition of Invensys plc, a UK-listed engineering company, NTT Communications Corporation on the acquisition of a majority stake in Arkadin International, the third global supplier of services, Apax Partners on the acquisition of the INSEEC group (business and management schools) from the American-listed company Career Education Corporation, Ardian (former AXA Private Equity) and its management on its spin-off and the sale of the majority of Outremer Telecom’s shares to Altice.
