AccorInvest Group SA completed the acquisition of 98.48% stake in Orbis S.A. from Accor SA (ENXTPA:AC), ING Otwarty Fundusz Emerytalny, fund of Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. and other public shareholders for PLN 5.2 billion.
Lazard acted as financial advisor to Accor. Laurent meyer of SG Corporate & Investment Banking acted as financial advisor to Accor SA (ENXTPA:AC). Rafal Rapala, Pawel Cholewinski, Pawel Mardas, Anna Gwiazda, Michal Bedkowski-Koziol, Marcin Rzysko and Karol Polosak of Kochanski & Partners acted as legal advisors for AccorInvest Group S.A. Natixis Partners Real Estate and BofA Securities, Inc. acted as financial advisors to AccorInvest. Marcus Billam, Jean-Baptiste de Martigny, Igor Simic and Aya Bachiri of Darrois Villey Maillot Brochier and Frédéric Nouel and Pierre-Adrien Vibert of Gide acted as legal advisors for Accor. Jean-Pierre Collet and Benoit Bernard of Reed Smith acted as legal advisors in the transaction. Piotr Dulewicz, Jakub Celinski, Cezary Przygodzki, Marceli Kasperkiewicz, Dariusz Stolarek, Jan Procházka, Petr Kotáb, Perry Zizzi, Raul Mihu, Judit Kovári and Annamária Csenterics of Dentons and Valiunas Ellex acted as legal advisors for Orbis S.A. Nicolas Favre, Vincent Langenbach, Emmanuel Fatôme, Philippe Guibert and Laëtitia Gavoty-Tolot, of De Pardieu Brocas Maffei acted as legal advisors for AccorInvest. Thierry Arachtingi, Mary Serhal, Agnieszka Janicka, Jaroslaw Lorenc, Quentin Hervé and Grzegorz Namiotkiewicz of Clifford Chance acted as legal advisors for AccorInvest on the tender offer and funding. Jean-Christophe Sabourin and Patrice Mottier of EY acted as due diligence providers for AccorInvest. Eric Fiszelson of Herbert Smith Freehills Paris acted as legal advisors for banks participating in the financing. Nicolas Durand, David Kakon, Piotr Godek and Jacek Chwedoruk of Rothschild & Co SCA acted as financial advisors to Accor. Firas Abou Merhi, Sebastien Voisin and Jan Fido of Mazars Group acted as a due diligence provider to Accor.
AccorInvest Group SA completed the acquisition of 98.48% stake in Orbis S.A. (WSE:ORB) from Accor SA (ENXTPA:AC), ING Otwarty Fundusz Emerytalny, fund of Nationale-Nederlanden Powszechne Towarzystwo Emerytalne S.A. and other public shareholders for PLN 5.2 billion on March 10, 2020. Under the transaction, 45.4 million shares is purchased.