Capital market

Squeeze-out

Services

Date

November 2021

Client(s)

Counterpartie(s)

Country

Mélanie Bonanno

Managing Partner

+33 (0)6 62 34 86 55

melanie.bonanno@atoutcapital.com

Capital market

Squeeze-out

NEWS INVEST was listed on the EURONEXT ACCESS marketplace of EURONEXT Paris and has three business areas: (i) An Equity division investing in non-listed companies, and among others, companies offering marketing consulting services on the Internet markets, in finance and in sustainable development, (ii) A Real Estate division investing in Parisian office property, (iii) A WELLBAW division involved in managing flexible offices and the properties of NEWS INVEST’s Real Estate division, as well as other locations all in Paris.

With only a small free float and no intention to raise funds on the market, the continued listing of NEWS INVEST shares no longer seemed justified, which is why M.F.I – MARKETING FINANCE INTERNATIONAL, NEWS INVEST’s main shareholder (the Offeror), acting in concert with certain shareholders (the Offeror Group), wished to initiate a delisting procedure.

ATOUT CAPITAL advised NEWS INVEST for the delisting of its shares from the EURONEXT ACCESS marketplace. This operation took the form of a Voluntary Repurchase Offer by which M.F.I, acting in concert with some other shareholders, acquired the shares held by all its minority shareholders at a unit price of €2.28 per share. At the request of the majority shareholders, NEWS INVEST’s shares were delisted following this transaction.