Global law firm White & Case LLP has advised Peugeot Invest, a listed company controlled by the Peugeot family, on the sale of its approximately four percent equity stake in Groupe SEB.
SEB’s shares, which are admitted to trading on the regulated market of Euronext Paris, were sold via an institutional private placement with qualified investors by way of an accelerated bookbuilding for approximately €236 million. The placement was managed by Goldman Sachs and Natixis, as Joint Bookrunners.
The sale is part of Peugeot Invest’s asset rotation strategy. Following the transaction, it no longer holds any stake in Groupe SEB.
White & Case also recently advised Peugeot Invest on the private placement of part of its stake in Lisi.
The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Franck De Vita, and included partners Max Turner and Alexandre Ippolito and associates Boris Kreiss, Sébastien Caciano, Jaime Lee and Corentin Traxel.
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-peugeot-invest-sale-stake-seb
