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Expertise 02

Mergers &acquisitions.

Sale, acquisition, combination: structuring, negotiating and securing the transaction, from due diligence to closing.

Situations
Sale of your companyAcquisition of a targetSale of a business (fonds de commerce)Entry or exit of a shareholderMBO / LBOMerger, contribution, demergerBlock saleGroup reorganisation
Scope

From due diligence
to closing.

ALetter of intent and NDA
BLegal due diligence
CSale agreement (SPA)
DWarranties and indemnities
EPost-deal shareholders' agreement, management package
FClosing, filings, earn-out

The process.

01Case analysis
02Letter of intent
03Due diligence
04Negotiation
05Signing / Closing

Frequently asked
questions.

Share deal or asset deal?

A share deal transfers the company with all its assets and liabilities; an asset deal transfers only the operating assets. The legal, employment and tax consequences differ and are assessed case by case.

What are warranties and indemnities for?

They protect the buyer against liabilities that originate before the sale but come to light afterwards. Their scope, duration, caps and thresholds are at the heart of the negotiation.

How long does a company sale take?

From a few weeks to several months, depending on the size of the deal, the scope of due diligence, the number of parties and the conditions precedent (financing, approvals, employee consultation).

How are fees set?

A written fee agreement is entered into before any work begins. Terms (fixed fee, hourly rate or a combination) depend on the nature and complexity of the transaction.

Contact victor.brouard@avocat.fr
Phone06 66 47 93 35
Office4, rue des Canonniers — 59000 Lille
MeetingsLille · Paris · Video
+33 6 66 47 93 35Get in touch