White & Case Advises Bank Syndicate on Maisons du Monde Initial Public Offering
Global law firm White & Case LLP has advised a syndicate of banks led by Citi, Goldman Sachs and Société Générale on the initial public offering of Maisons du Monde on the regulated market of Euronext Paris.
The prospectus received the visa from the French financial markets authority (Autorité des marchés financiers) on May 13, 2016 and the first trading is expected to occur on May 27, 2016. The offering consists of a maximum total amount of €385 million, including a maximum of €225 million of shares sold by the current shareholders, in particular Bain Capital, and €160 million of new shares. The offering may be increased to €440 million after full exercise of the over-allotment option. It includes a retail offering in France and an international private placement.
Maisons du Monde is a European leader in the homeware industry, offering distinctive and affordable decoration and furniture collections in a variety of styles. The group was founded in France in 1996 and has expanded profitably across Europe since 2003. The Group generated customer sales of €699 million and EBITDA of €95 million during the year ended December 31, 2015.
The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert and Séverin Robillard, with support from associates Tatiana Uskova and Déborah Ngo Yogo. Partner Colin Chang and counsel Max Turner, with support from associate Jordan Zaluski, advised on matters of US law. Partner Alexandre Ippolito, with support from associate Charline Schmit, advised on tax aspects.
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