White & Case Advises J.P. Morgan on Vivendi's €2 Billion Sale of Its Entire Stake in Ubisoft
Global law firm White & Case LLP has advised J.P. Morgan, acting as Sole Global Coordinator, on the €2 billion sale by Vivendi of its entire stake in Ubisoft, representing approximately 30.5 million shares and 27.3 percent of Ubisoft's share capital.
The overall transaction, carried out at a single price of €66 per share, includes the following:
- entry to Ubisoft's share capital of two long term investors, Ontario Teachers' Pension Plan (for 3.4 percent of the share capital), and Chinese internet player and worldwide video game market leader Tencent (for five percent of the share capital)
- acquisition by Guillemot Brothers SE of approximately three million shares (2.7 percent of Ubisoft's share capital)
- share buy-back by Ubisoft of approximately 6.8 percent of its shares over the 2019-2021 period
- accelerated bookbuilding international private placement with institutional investors for the remainder of Vivendi's stake (9.3 percent of Ubisoft's share capital).
Ubisoft shares are admitted to trading on the regulated market of Euronext Paris.
The White & Case team in Paris which advised on the transaction was led by partner Thomas Le Vert and included partner Alexandre Ippolito, counsel Max Turner and associates Isabelle Touré-Farah, Boris Kreiss, Guillaume Monnier and Guillaume Keusch.
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