Bredin Prat advises Fnac Darty in connection with its planned acquisition of Unieuro

Bredin Prat is advising Fnac Darty in connection with its planned acquisition of Unieuro, the leading distributor of electronic products and domestic appliances in Italy. The transaction would take the form of a mixed cash and shares public offer to be filed jointly by Fnac Darty and Ruby Equity Investment (investment vehicle ultimately controlled by Daniel Křetínský).

The offer implies an equity value for Unieuro of €249 million, with Fnac Darty already owning 4.4% of the share capital.

The launch of the public offer should take place after the customary conditions precedent related to regulatory approvals in Italy have been met. The transaction will also be subject to review by the relevant competition authorities.

The transaction is expected to close in the course of Q4 2024.

The Bredin Prat team assisting Fnac Darty includes:

• Corporate / Capital Markets: Benjamin Kanovitch, Jean-Benoît Demaret, Olivier Saba (partners), Douceline Chabord (counsel), Camille Le Dantec, Thierry Nkiliyehe, Julie Hosteing
• Tax law: Sébastien de Monès, Jean-Baptiste Frantz (partners), Claire Chabredier
• Financing: Samuel Pariente (partner), Mathieu Arnault (counsel), Jessim Djama
• Competition: Olivier Billard (partner), Julien Chevy, Guillaume André
• Employment law: Laetitia Tombarello (partner), Camille Wattrelos