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Darrois Villey Maillot Brochier advises Saint Gobain in its exclusive negotiations with Mutares for the sale of Lapeyre

Paris, 13 November 2020

Darrois Villey Maillot Brochier advises Saint Gobain in its exclusive negotiations with Mutares, listed in Frankfurt, in preparation for the sale of Lapeyre, its subsidiary specialized in home improvements in France, on the basis of a firm and binding offer which follows a broad competitive process that began in September 2019.

This important step launches a period of consultations and approvals which should result in a finalized transaction in the first quarter 2021.

In such context, Saint-Gobain will provide Lapeyre with around €245 million, leaving it with a robust cash position and a healthy financial situation to finance its operations as well as the investments and measures necessary to continue modernizing the brand and the plants, and the return to profitability.

The Darrois Villey Maillot Brochier team is composed of François Kopf and Christophe Vinsonneau (partners) and Cécile de Narp, Inès de Matharel and Colin Marvaud. Vincent Agulhon (partner) and Pierre Dabin worked on the tax aspects.

BNP Paribas and Accuracy are acting as financial advisors to Saint Gobain.

Mutares is advised by Gibson, Dunn & Crutcher and E&Y.