Rainbow SA made a binding offer to acquire majority stake in OXBOW SAS from Lafuma SA (ENXTPA:LAF) on February 13, 2020. The transaction is subject to a works council consultation process in France and is expected to close in the second quarter of the calendar year 2020. Hervé Richard of KPMG Corporate Finance France acted as financial and due diligence advisor and Louis Bravard of KPMG Avocats acted as tax due diligence advisor. Alexandre Ebin and Jürgen schwarz of capital mind acted as financial advisor to Lafuma SA. Rainbow SA completed the acquisition of majority stake in OXBOW SAS from Lafuma SA (ENXTPA:LAF) on May 28, 2020. Lafuma will retain a small minority stake post completion.