Darrois Villey Maillot Brochier and Gide advise AccorHotels on the sale of 57.8% of the capital of AccorInvest

Darrois Villey Maillot Brochier (DVMB) and Gide advise AccorHotels on the sale of 57.8% of the share capital of AccorInvest to sovereign funds, namely the Public Investment Fund (PIF) and GIC, institutional investors, namely Crédit Agricole Assurances, Colony NorthStar and Amundi, and other private investors.

AccorHotels will therefore hold 42.2% of the capital of AccorInvest, which will no longer be included in the Group’s consolidated financial statements as of 1 June 2018. As part of the transaction, AccorHotels and AccorInvest will maintain their close, long-standing relationship through very long-term partnership agreements.

The DVMB team includes Marcus Billam, Jean-Baptiste de Martigny, partners, Ioana Nicolas, Alexandre Durand and Pierre Zejma for the M&A aspects, Vincent Agulhon, partner, and Zoé Attali for the tax aspects, Igor Simic, partner, and Elise Maillot for the antitrust aspects.

The Gide team includes Frédéric Nouel and Didier Martin, partners, and Pierre-Adrien Vibert, Romain d’Innocente and Cléopha Thomann.

Reed Smith is also involved on the tax aspects with Jean-Pierre Collet, partner, and Benoit Bernard, counsel.