DLA Piper and Weil Gotshal & Manges have secured advisory roles on a deal that could see Chinese conglomerate Fosun International and Paris-based AXA Private Equity buy French resort operator Club Mediterranee for a reported €556m (£473m). The deal, should it go ahead, would see Fosun and AXA each owning a 46% stake in Club Med, with the remaining 8% of shares to be held by the resort group's management team. The two investors currently own 20% between them. DLA Piper is advising China's Fosun, with Paris-based corporate partner Jeremy Scemama leading a team that also includes Palo Alto-based M&A partner Paul Chen.
June 13, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
DLA Piper and Weil Gotshal & Manges have secured advisory roles on a deal that could see Chinese conglomerate Fosun International and Paris-based AXA Private Equity buy French resort operator Club Mediterranee for a reported €556m (£473m).
The deal, should it go ahead, would see Fosun and AXA each owning a 46% stake in Club Med, with the remaining 8% of shares to be held by the resort group’s management team. The two investors currently own 20% between them.
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