Clifford Chance advisor on the tender offer of Global Resorts for Club Med

Paris - 02/07/2014

PRESS STATEMENT

Clifford Chance advises banks on the financing of the tender offer and on the launch of the tender offer of Global Resorts SAS for Club Méditerranée

International law firm Clifford Chance advised a group of banks, represented by UniCredit Bank AG and Banca IMI S.p.A., and UniCredit Bank AG as lead arranger, on the financing of the tender offer of Global Resorts SAS, a subsidiary of InvestIndustrial Group, and on the launch of this offer on all common shares and convertible bonds (OCEANE 2015) of Club Méditerranée. The tender offer was filed with the French market regulator AMF on June 30th.

The offer price, fixed at EUR 21.00 per common share and EUR 22.41 per convertible bond, values Club Méditerranée at about EUR 790 million.

The Clifford Chance team incuded Charles Adams (partner), Miranda Morozzo and Paolo Ballerini in Milan, and Thierry Arachtingi (partner), Pierre-Benoît Pabot du Chatelard and Chloé Desreumaux on financing aspects, Thibaut Cambuzat (counsel) and Jaswinder Brar on corporate aspects, Jitka Susankova (counsel) on tax aspects and Sébastien Praicheux (counsel) on regulatory aspects in Paris.

Cleary Gottlieb Steen & Hamilton advised Global Resorts SAS and InvestIndustrial. The team included Pierre-Yves Chabert, Sophie de Beer, Amaury Berbille, Laura Birène and Florent Patoret on corporate and tender offer matters, Anne-Sophie Coustel and Cecile Mariotti on the tax structuring of the transaction, Valérie Lemaitre, Andrew Shutter, Carlo de Vito Piscicelli, Marion Gauvain, Alessandro Gennarino and Federico Cenzi on financing matters and François Brunet and Eric Paroche on antitrust matters.

ENDS

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