February 1, 2007
Provimi SA announces that its majority shareholder Provimlux Investments SA has entered into a sale purchase agreement with Nutrilux S.à.r.l. to sell its nearly 75% stake.
On January 30, Willkie client Provimi SA announced that its majority shareholder Provimlux Investments SA (also represented by Willkie) has entered into a sale purchase agreement with Nutrilux S.à.r.l., a company indirectly controlled by funds advised or managed by Permira Advisers LLP, to sell its nearly 75% stake for $752.2 million. The agreement calls for the sale of 19,323,016 shares of Provimi SA at €30 per share plus assumption of the vendor's costs. Provimlux Investments SA, a company incorporated under the laws of Luxembourg and controlled by funds advised or managed by PAI partners and CVC Capital Partners, owns 74.05 % of the share capital and 74.47 % of the voting rights of Provimi SA. With about 9,000 employees and 100 production centers in about 30 countries, Provimi Group is a leading manufacturer in the field of animal nutrition. The transaction was handled by partner Laurent Faugérolas, special European counsel David Tayar, and associate Jeremy Scemama.