White & Case Advises Guardiola on Transfer of Control in Azurtis
Global law firm White & Case LLP has advised Guardiola Invest SA on the transfer of its control in Azurtis SA to J&J Group SA, a company incorporated by Cédric Galoux-Wittevrouw, the founder of Azurtis.
The signing took place on April 19, 2016 and the transaction closed on April 20, 2016 in Brussels. Azurtis is a Belgian company which designs and creates complete lines of scented products and cosmetics. Guardiola is a private investment vehicle managed by Jacques-Martin Philippson and Marc van Doornick.
After several years as a majority shareholder, during which it focused on the development of Azurtis, Guardiola has transferred its 51 percent stake to Cédric Galoux-Wittevrouw, who takes control of the company and now owns 100 percent of the shares.
"This transaction is a good example of our experience in M&A markets and illustrates our ability to help clients complete deals that are beneficial to all parties within a tight time frame," said Brussels-based partner Thierry Bosly, who led the Firm's deal team.
The White & Case team in Brussels which advised on the transaction was led by partner Thierry Bosly with support from associates Laurent Lantonnois and Aurélie Cautaerts.
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