Supporting Club Med’s strategic development in a merger and acquisition transaction
Société Générale Corporate & Investment Banling have supported Axa, Fosun International and the Club Med management in a merger & acquisition transaction and financing.
Paris-based Axa Private Equity and Fosun, China’s largest private conglomerate, which are the main shareholders of Club Méditerranée announced their intention to file a friendly tender offer on all the shares and securities giving access to the share capital of Club Méditerranée.
Club Méditerranée has to enter a new phase of its development which requires a stabilized shareholding in order to be free from short-term constraints. This transaction gives Club Méditerranée the opportunity to accelerate its development strategy in emerging countries with the opening of new villages and the consolidation of commercial actions on these markets.
This project illustrates our Group’s trustful and strong relationship with Club Méditerranée that has been built over the years. It also reinforces the relationship between SG CIB, Axa Private Equity and Fosun and opens the door to additional business opportunities with them.
All in all, this transaction demonstrates SG CIB’s ability to successfully support clients at crucial stages of their development.
SG CIB acted as (i) exclusive financial advisor to Axa PE, Fosun, the management and the offeror and (ii) presenting bank in connection with the tender offer. SG CIB will also act as mandated lead arranger, underwriter and bookrunner on the operation, together with Crédit Agricole Corporate and Investment Banking and Natixis.