Eight Advisory Avocats assisted Andera Partners and the management of Momense in the context of the Group’s takeover by Accor
The Accor Group, Andera Partners and associated investors have entered into exclusive negotiations for Accor to acquire the 63% stake in Potel & Chabot which it does not currently own. After this transaction, Accor will become the sole shareholder of Potel & Chabot, which will be consolidated within the Group’s Luxury & Lifestyle Division. The contemplated transaction is subject to customary regulatory authorizations. The closing is expected to occur in the fall of 2023.
Founded in 1820, the Potel & Chabot group, now known as Momense, boasts unrivaled expertise in creating tailored reception events. Through its two houses, Potel & Chabot and Saint Clair, Momense has become the preferred caterer for prestigious events in France and the world over. Its services are divided into three categories: corporate events for multinationals and private clientele; major sporting and cultural events such as the French Open, hospitality events of the PSG, the 24 Hours of Le Mans and the Saut Hermès; and private events in exceptional venues located in the heart of the French capital which include none other than the Pavillon Gabriel, the Pavillon Cambon, the Hôtel d’Évreux and the Pavillon Dauphine. In 2023, Potel & Chabot is expected to generate revenue of around €130 million.
Eight Advisory carried out the financial, tax and legal due diligence of Momense on behalf of Andera Partners and the Management, in the context of this transaction.
Eric Demuyt, Managing Partner of Eight Advisory, said, “We are proud to have assisted Andera Partners and the management of Momense in the context of this strategic transaction. Our multi-disciplinary expertise was a key asset in facilitating this acquisition and contributed to the success of this milestone for all parties involved.”
Eight Advisory participants in this transaction:
- Finance: Eric Demuyt, Pierre-David Forterre, Hugo Landrin
- Tax: Guillaume Rembry, Guillaume Exerjean, Tatiana Maroslavac
- Legal: Barbara Jouffa