Gaillon Invest : Club Méditerranée : Gaillon Invest improves the terms of its
offer on the securities of the company
June 25^th, 2013 - Gaillon Invest, acting in concert with the investment funds
managed or advised by AXA Private Equity participating in the tender offer,
Fosun and MM. Henri-Giscard d'Estaing and Michel Wolfovski (holding together
19.33% of the share capital), have decided to improve the terms of its offer
on the shares of Club Méditerranée to change it to 17.50 euros per share
(compared to the initial offer of 17 euros per share) and 19.79 euros per
OCEANE (compared to the initial offer of 19.23 euros per OCEANE).
This improved offer will be filed with the Autorité des Marchés Financiers as
soon as possible, after the necessary changes to the documentation.
The Initiator is pleased that the Board of Club Méditerranée, after
acknowledging the amended terms of the offer, has unanimously considered it in
the interest of the company, its shareholders and its employees, and that the
shareholders represented on the Board, i.e. Caisse de Dépôt et de Gestion du
Maroc (via its subsidiary CMVT International), Rolaco and Holding Edizione
Benetton have decided to tender their shares to the offer. These shareholders
represent 7.1% of the share capital for Caisse de Dépôt et de Gestion du
Maroc, 5.6% for Rolaco and 2.2% for Holding Edizione Benetton.
This press release is not and should not be considered as a tender offer on
Club Méditerranée's securities. Pursuant to French regulations, the offer and
the documentation with respect to the tender offer is subject to the review by
the French Market Authority.
About AXA Private Equity :
AXA Private Equity is a world leader in private equity, with assets of $32
billion managed or advised in Europe, North America and Asia. The company
offers its investors a wide choice of funds covering the full range of asset
classes: Funds of Funds (primary, early secondary and secondary), Direct Funds
including Infrastructure, Small and Mid-Market Enterprise Capital, Innovation
& Growth, Co-Investment and Private Debt. With offices in Paris, Frankfurt,
New York, Singapore, Milan, London, Zurich, Jersey and Luxembourg AXA Private
Equity is committed to supporting companies in their long-term growth by
providing access to its international network. AXA Private Equity sets great
store by the regularity and quality of its reporting on the performance of its
funds and the performance of the companies in its portfolio, as a service to
About Fosun :
Fosun is a large scale group which places importance on China's growth
momentum and its operating activities include insurance, industrial
operations, investment and asset management. Fosun International Limited is
listed on Hong Kong Stock Exchange (Stock Code : 656). Fosun has been a
shareholder of Gaillon since 2010"
AXA Private Equity
Estelle Guillot-Tantay / Flore Larger
Tel: 01 53 70 74 93 / 01 53 70 74 91
email@example.com / firstname.lastname@example.org
CHEN Bo, GM, Corporate Communications Dept
Tel:+86 21 23156758 / Mobile:+8618601781529
Press release (PDF)
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Source: Gaillon Invest via Thomson Reuters ONE
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