goetzpartners advised Les Editions P. Amaury

Fortlane Partners Corporate Finance advised Les Editions P. Amaury in the buyback of 25% of its shares from Lagardère for € 91.4 million.

The Lagardère group has just entered into an agreement for the sale of its stake of 25% in Les Éditions P. Amaury, the holding company of the Amaury group, for a total price of €91.4 million. Les Editions P. Amaury will buy back its own shares from the Lagardère group and carry out a capital reduction. Fortlane Partners Corporate Finance acted as exclusive financial advisor to Les Editions P. Amaury.

Franck Portais, Managing Director at Fortlane Partners Corporate Finance in Paris, explains: « We are happy to have facilitated the discussions between the Lagardère group and the Amaury group, the agreement reached creates value for both parties. The Amaury group regains its full independence and is now free to implement its strategy in media and sports without fearing any conflict of interest. The Lagardère group continues its strategy of disposal of its non-controlled entities. »

The deal will be completed in the coming weeks, once approved by the Board of Directors and the General Shareholders' Meeting of Les Éditions P. Amaury.