Bredin Prat advises Movendo Capital as it enters into an exclusivity agreement with Stirling Square Capital Partners in view of the acquisition of Verescence by a consortium comprising Movendo Capital and Draycott

Draycott, a Portugal-based investment management firm and Movendo Capital, an investment company owned by Sociedade Francisco Manuel dos Santos, a Portuguese family holding company, have entered into an exclusivity agreement with Stirling Square Capital Partners, with a view to the acquisition of Verescence, a luxury glass packaging manufacturer for the perfumery and cosmetics industry.

Signing and completion of the transaction remain subject to applicable employment law procedures, as well as customary regulatory approvals.

The Gibson Dunn team advising Draycott (alongside the Portuguese firm PLEN) includes:

• Corporate: Bertrand Delaunay (partner) and Frédéric Chevalier
• Tax law: Jérôme Delaurière (partner).

The Bredin Prat team advising Movendo Capital (alongside the Portuguese firm Vieria de Almeida) includes:

• Corporate: José María Pérez (partner), Julien Dhermand and Grégoire Hostein
• Tax law: Anne Robert (partner), Rima Jirari and Caroline Jacquot
• Competition: Pierre Honoré (partner), Wenceslas Chelini (counsel) et Marcela Junqueira Cesar Pirola
• Employment law: Laetitia Tombarello (partner) et Emilie Iafrate