Counsel to Groupe Barriere in connection with FIMALAC's exit from the Group and and from SFCMC

Osborne Clarke and Moncey Avocats have assisted Groupe Barriere in the exit of FIMALAC (a group owned by Marc Ladreit de Lacharriere) from Groupe Lucien Barriere (GLB) (40%), the group's main holding company, and Société Fermière du Casino Municipal de Cannes (SFCMC) (10%), a company listed on Euronext.

With the sale today of the minority stake held by FIMALAC in GLB since 2011, GLB's entire capital is now held by the family holding company (SPD) controlled by Alexandre Barriere and Joy Desseigne-Barriere.

The transaction includes a two-pronged financing package:

Financing of the acquisition by SPD, the family holding company,
Financing at Groupe Lucien Barriere level, via a dividend recapitalization, a RCF, and refinancing through a new Euro PP issue.

Groupe Barriere was advised by:

Osborne Clarke, with a team composed of:

• Corporate/M&A: David Haccoun, partner, Stéphanie Delage, associate, Anne-Laure Laroussinie and Eve Huchon, counsels, Igor Crepy and Imen Mouhoun, lawyers.
  Public: Alexandre Le Mière, partner, Alexandre Silva Delaquaize and Nitusha Raveendran, associates
  Employment: Maxime Pigeon, partner, and Antoine Boubazine, associate

Moncey Avocats, with a team composed of:

• Finance: David Malamed, partner, Jonathan Devillard, Diane Ferriol and Yann-Fouquet Michel, associates
• Tax: Frédéric Bosc, partner and Mathilde Cotillon, associate

Bompoint, with a team comprising Dominique Bompoint and Caroline Bellot, and Vinci Avocats, with a team comprising Jérôme Benyounes, Virginie Bouchet, Mikaël Dehry and Sarah Djerid, were also involved.