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Press Release

White & Case Advises DEE Tech on Intended Business Combination with Colis Privé

Global law firm White & Case LLP has advised DEE Tech on its intended €500 million business combination with Colis Privé, the largest private provider of e-commerce home parcel delivery solutions on the French market, to create a leading European pure play e-commerce delivery platform.

Founded by Marc Menasé, Michaël Benabou, Charles-Hubert de Chaudenay, MACSF Epargne Retraite and IDI, DEE Tech is a French Special Purpose Acquisition Company (SPAC) listed on the regulated market of Euronext Paris on 25 June 2021. As part of its listing, DEE Tech raised €165 million with the objective to acquire one or several target companies to support digital and/or e-commerce enablers.

Upon completion of the intended business combination, which remains subject to the approval of the merger transaction by both DEE Tech’s and Colis Privé’s general meetings of shareholders, the combined entity would be listed on the regulated market of Euronext Paris.

Completion of the transaction is expected to occur during the first quarter of 2022. Once completed, the transaction will be the first de-SPACing in France to be carried out by way of a merger. 

The White & Case team in Paris which advised on the transaction was led by partner Thomas Le Vert and counsel Jean Paszkudzki, and included partners Max Turner and Alexandre Ippolito and associates Tatiana Uskova, Isabelle Touré-Farah, Agathe Delalande, Claire Sardet, Bénédicte Cheyrou-Lagrèze and Julien Gerson. 

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