Monthly M&A Insider - Mergermarket

Expected deals
Pipeline of French expected deals
Situation Target
Company
Potential
takeover
target
Expected
deal
Expected
deal
Expected
deal
Matmut Financial
Services
Gecina SA
(real estate
assets)
Idex Energie
SA
Sector Financial adviser
to bidder (B);
target (T); seller
(S)
Potential bidder
company
Seller company Market
cap/ est.
value
(€m)
Comments
France
Macif; and Maif 10,000 Matmut, Macif and Maif, the three France
based mutual insurers are considering a
three-way alliance and discussions are
already underway. The tie-up, which would
create a group with 10m customers and
annual revenues of €10bn, could be officially
announced before the end of April.
Real Estate Metrovacesa SA 1,800 Gecina, the listed French real estate company,
is likely to put an end to the separation
agreement with the Spanish company
Metrovacesa. The Board of Gecina is expected
to meet in the next few days and decide the
agreement is no longer valid, as conditions
have radically changed since it was concluded
in 2007. Under the separation agreement,
Metrovacesa will get €1.8bn of Gecina’s real
estate assets in exchange for Gecina shares.
Energy,
Mining &
Utilities
Surcouf SA Consumer Mulliez Family
(Private
investors);
Youg’s
LBO France Industri Kapital
2000
400 Idex, the French energy and environment
services company, has entered into exclusive
talks with LBO France. The process started
last year but had been postponed. Bridgepoint
had also been interested and that the company
could fetch between €250m and €400m.
PPR SA 225 PPR entered into exclusive negotiations for
the sale of Surcouf to Mr. Hugues Mulliez,
founder of Youg's, a retailer of IT products and
services. Youg’s is a retailer specialized in the
distribution of IT and digital products. Surcouf
has 597 employs and reported sales of €225m
in 2008
Source: mergermarket
Monthly M&A Report – 125