Paris, 9 May 2022 – Jeantet has advised Basler AG, a company listed on the German stock exchange in Frankfurt am Main (Prime Standard), engaged in the design and manufacturing of high-quality, industrial cameras and embedded vision solutions, with respect to the contemplated acquisition of the distribution business of i2S SA, a company listed on Euronext Growth (Paris).
The contemplated transaction would occur in two steps as follows: (i) carve out of i2S’ distribution business and formation of a joint venture among Basler AG (25.1%) and i2S SA (74.9%) which would operate under the name Basler France with effect as from 1 July 2022; and (ii) possible acquisition by Basler AG of the remaining 74.9% of the company’s total share capital and voting rights with effect as from 1 July 2024.
The contemplated transaction is – inter alia – subject to the information and consultation of i2S Social and Economic Committee (CSE).
The French market is an important step in Basler’s growth strategy.
Jeantet’s team is led by Karl Hepp de Sevelinges (Partner) and notably includes Ruben Koslar (Counsel, Corporate/M&A), Perrine Fuchs (Associate, Corporate/M&A, Commercial), Gabriel di Chiara (Counsel, Tax), Océane Demoulin (Associate, Employment), Claire Allavena (Associate, GDPR). I2S Group was advised by Delcade, with a team composed of Sophie Coignat, Partner, Justine Bouquet, Lawyer (Corporate/M&A), Fabrice Delouis, Co-founding Partner, Julie Peitregnet, Associate (Tax), Julien Tayeg, Partner (Employment) and Jean-Philippe Chenard, Partner (distribution contracts).