JEANTET ADVISED LBO FRANCE ON THE ACQUISITION OF A MAJORITY STAKE IN BAOBAG

September, 2021 - France

Jeantet advised the investment fund LBO France on the acquisition of a majority stake in the French company Baobag, alongside AfricInvest, BNP Paribas Développement and the management team, led by Fabrice Saffré.

Founded in 1985, LBO France, the leading private equity firm in France with €6.3 billion of capital raised, holds stakes in 37 companies and contributes to their development in many sectors of activity (fashion, science, health, real estate, digital, etc.).

Created in 2007, from the merger of Sacherie du Midi and Framapack, Baobag is the French leader in the design and distribution of large-capacity flexible packaging, particularly for industry, agriculture, the food industry and construction.

Jeantet (legal advisor of LBO France): Philippe Matignon (partner), Pascal Georges (counsel), Camille Perodeau and Vianney Birot (associates) on corporate aspects, Calixte Glotin (associate) on financingaspects.

The management team was advised by Altaïr Avocats (Pierre Gramage, Jeanne Mucchielli).

AfricInvest was advised by Stephenson Harwood (Guillaume Briant).

The sellers (iXO Private Equity and Bpifrance) were advised by EY Société d’Avocats (Maureen Perchicot, Faustine Carrière).

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