White & Case Advises Oberthur on €1.15 Billion Sale to Advent International | White & Case LLP International Law Firm, Global Law Practice
White & Case Advises Oberthur on €1.15 Billion Sale to Advent International

White & Case Advises Oberthur on €1.15 Billion Sale to Advent International

Global law firm White & Case LLP advised the François-Charles Oberthur Fiduciaire Group on the sale of its card systems and identity divisions to private equity firm Advent International for €1.15 billion. The transaction is one of the few large-scale leveraged buyouts, as well as one of the largest deals, to close in France in 2011.

As a result of the deal, Advent International, along with the company's management, controls 90% of Oberthur Technologies. Jean-Pierre Savare, founder of the Oberthur group, and his family retain a 10% stake in the company.

Oberthur Technologies is a leading provider of security and identification solutions and services, specialised digital security based on smart card technology and fiduciary printing.

Advising François-Charles Oberthur Fiduciaire was partner Hugues Mathez, assisted by counsel Juliette Goyer (Antitrust) and associates Nathalie Nègre-Eveillard, Camille Note (M&A/Corporate), Julien Payré (Antitrust) and Christel Alberti (Tax), all of the Paris office.

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