Cornet Vincent Ségurel alongside SoftBank in its tender offer for Balyo

The two companies have entered into an agreement setting out the terms and conditions of the proposed acquisition of the shares of Balyo by SoftBank, by way of an all cash offer at a price of €0.85 per share. This offer represents a premium of approximately 54.3% to the volume-weighted average share price over the 30 trading days prior to the offer, on a valuation basis of €28.7 million.

Founded in 2005, French company Balyo has offices in the Americas and Asia, has deployed more than 1,000 robots worldwide and went public in 2017 (Euronext, Paris). Balyo complements SoftBank's existing investments in the transport and logistics sectors.

The acquisition will also give Balyo access to SoftBank's global network of more than 470 technology companies to develop new business relationships for the benefit of both parties.

Balyo : Thomas DUVAL (founder)

Shareholders (sellers) : Bpifrance Investissement, Linde Material Handling, Hyster Yale

SoftBank Group

Listing Sponsor / Lead Partner : Alantra (Olivier GUIGNON, Kevin DEBRABANT, Alexandre TOUX, Axel NIOCHE)

Advisors :

Due Dilligence Purchaser (SoftBank) : Cornet Vincent Ségurel

• Corporate Law (and coordination) : Alexis MARCHAND (associate) et Alexandra THIL
• Commercial agreements : Pauline DUCOIN et Jacqueline BRUNELET
• Employment : Antoine FAUCHER, Laurine OLIVEIRA et Hugo MARQUIS
• IP : François HERPE (associé) et Marie RAMBAULT
• IT : Antoine BERDEAUX
• Financing : Charles-Henri PRIOUL et Lou IRIE
• Real estate : Cécile ROUQUETTE-TEROUANNE (associé) et Agathe DE CHAZAL
• Regulatory : Christophe PICHON (associé) et David PILORGE

Purchasers' attorneys (SoftBank) :

Bredin Prat

• Corporate Law : Kate ROMAIN and Jean-Benoît DEMARET (associate), Karine ANGEL, Charles SAHEL and Aude PIANET
• Capital market : Olivier SABA (associate) and Douceline CHABORD
• Employment law : Emilie GATINEAU and Fanny PEZET
• Financing : Karine SULTAN (associée) et Benjamin CARTIER
• Public law: Guillaume LEONARD and Wallis HEBERT
• Fiscal : Jean-Florent MANDELBAUM (associate) and Paul CAUCHIN
• Morrison Foerster : Gary BROWN (associate) and Luke ROWLAND

M&A Advisory Purchaser : The Raine Group

Seller's Attorneys : Ashurst

• Corporate and Securities law : François HELLOT (Practice Head Corporate CEMEA), Agathe BOURDILLON and Jordan OHAYON at Paris ; Matthias VON OPPEN (associate) and Valentin PFISTERER at Francfort (Germany)
• Employment law : Muriel PARIENTE (associate) and Jordan COHEN,
• Antitrust and foreign investment control : Christophe LEMAIRE (associate) and Guillaume VATIN