Global Savings Group’s €158 Million Acquisition of iGraal

Global Savings Group's €158 Million Acquisition of iGraal

Taylor Wessing, Bersay & Associés and KPMG Avocats advised Global Savings Group. Ashurst advised a leading financial institution on the granting of a €28 million credit facility to Global Savings Group.

The purchase price was paid in cash and in shares of Global Savings Group.

The transaction, worth 123.5 million euros, will allow GSG to become the largest e-commerce intermediation platform (couponing and cashback) in Europe.

Part of the acquisition costs will be financed by a loan from UniCredit Bank AG and paid in cash. The balance will be remunerated by shares in the company, making M6 Digital Services a shareholder of GSG.

Taylor Wessing advised GSG on the financing of the acquisition with Clemens Niedner, Michael Beyer, Stella Diez, Éric Charvillat, Sophie Nicolas (Finance).

Bersay & Associés advised GSG with Pierre-Louis Perrin, Océane Vassard, François Paulze d’Ivoy and Alexandre Ancel.

KPMG Avocats advised Global Savings Group with Patrick Seroin Joly, Maxime Amar, Benoît Roucher and Julie Brubach.

The Ashurst team was led by partner Anne Grewlich (Finance, Frankfurt) and counsel Christiane Bestgen (Finance, Munich). They were assisted by associate Franziska Sauer and paralegal Ariana Fazlic (both Finance, Munich), partner Pierre Roux, counsel Thomas Ehrecke and junior associate Camille Louis-Joseph (all Finance, Paris) as well as partner Anne Reffay and junior associate Louis Rainguenet (both Corporate, Paris). Counsel Dr Fabian Klein (Frankfurt) advised on IP matters. Advice on tax law was provided by partner Dr Anders Kraft, senior associate Dr Susanne Knoch (both Frankfurt), partner Emmanuelle Pontnau-Faure and associate Solène Guyon (both Paris).
 

Involved fees earner: François Paulze d’Ivoy – Bersay & Associés; Pierre-Louis Périn – Bersay & Associés; Océane Vassard – Bersay & Associés; Maxime Amar – KPMG; Julie Brubach – KPMG; Benoit Roucher – KPMG; Patrick Seroin Joly – KPMG; Michael Beyer – Taylor Wessing; Eric Charvillat – Taylor Wessing; Stella Diez – Taylor Wessing; Sophie Nicolas – Taylor Wessing; Clemens Niedner – Taylor Wessing;

Law Firms: Bersay & Associés; KPMG; Taylor Wessing;

Clients: Global Savings Group GmbH;

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Author: Ambrogio Visconti