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August & Debouzy advised Dassault Aviation in connection with Airbus Group’s divestment from Dassault Aviation
Article Private Equity M&A | 28/04/15 | 1 min. | Gilles August
Following the initial buyback by Dassault Aviation in September-November 2014 of a 9.41% block of shares (including 8% from Airbus Group) and the subsequent cancellation of part of the purchased shares representing 9.01% of its share capital, Dassault Aviation cooperated with Airbus Group in the framework of a private placement with institutional investors, of a 17.5% block of Dassault Aviation’s share capital, for an overall amount of EUR 1.64 billion. In this context, Dassault Aviation bought back 5% of its shares for an amount of EUR 451 million, i.e. at a price of EUR 980 per share (the sale price to the other investors amounted to EUR 1,030 per share). Following the operation, Dassault Aviation’s free float now stands at 14.4%, up from 1.9%, and the issuer now holds 5.44% of treasury shares.
Dassault Aviation was advised by August et Debouzy, with Gilles August and Ferenc Gonter, partners, Aurélien Veil, counsel. Airbus Group was advised by Darrois Villey Maillot Brochier, with Bertrand Cardi and Christophe Vinsonneau, partners, Laurent Gautier, counsel, and Orphée Grosjean from the Corporate and Capital Markets practice, as well as by Allen & Overy, with Marc Castagnède, partner, and Olivier Thébault from the corporate practice, Diana Billik, partner, on ICM aspects, and Mathieu Vignon, partner, and Viviane Carpentier from the tax practice.