August & Debouzy advises Siparex and the other vendors on the transfer of control of the CMR Group to LBO France and to the management

Article | 14/04/11 | Julien Aucomte Florence Chafiol Virginie Devos Philippe Lorentz

August & Debouzy acted for Siparex and the other vendors in connection with the transfer of control of the CMR (Control Measure Regulation) Group to LBO France and the management. The Siparex fund’s stake was previously around 70%, with the remainder of the share capital being split between the managers.

The CMR Group specializes in the design, manufacturing and distribution of electronic control, measure and regulation equipment intended for the marine transport and energy and power generation markets in France and abroad (foreign markets representing 75% of the Group’s business, with over 50% in Asia).

August & Debouzy’s teams, led by Philippe Lorentz, partner in the firm’s tax department, advised the vendors throughout the transfer process. They first assisted with the tax aspects (Sonia Bonnabry (of counsel)), labor and employment aspects (Virginie Devos (partner), Anne-Laure Perrot and Marie-Maud Vinot), commercial aspects (Florence Chafiol-Chaumont (partner) and Arnaud David) and corporate aspects (Julien Grandry) related to the preparation of the vendor due diligence. They then assisted the Siparex fund and the other vendors with negotiating the documentation (Julien Aucomte (Of counsel) and Aurélien Veil).

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