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Squadra Avocats has advised OVOL USA, world leader in paper supplies, in its acquisition of EFP CHAVASSIEU

Squadra Avocats has advised OVOL USA (GOULD PAPER CORPORATION), a world leader in the supply of paper and paper pulp, in its acquisition, via OVOL HOLDINGS FRANCE, of a majority stake in EFP-CHAVASSIEU, a leading paper distributor in France and Europe. This strategic transaction strengthens OVOL’s presence in the French and Western European markets.
MKH, the longstanding shareholder, will retain a minority stake.
The Squadra Avocats team involved Charles Morel and François Lan (partners) and Clément Salaün (associate) on the corporate matters, and Morgane Mondolfo (partner) on the employment law aspects.

MKH was advised by CARLER AVOCATS France with partner Jean-François Veyry.

 

 

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Squadra Avocats has advised Heroes Media on the acquisition of the press title PUBLIC from CMI France.

PUBLIC, a major force in the “People” weekly press, joins the other titles published by HEROES MEDIA and its subsidiaries (MOTO HEROES, AUTO HEROES, MONTRE HEROES, VSD, etc.).

Charles Morel and Camille Mirabel-Chambaud (partners) and Emilie Rosier advised HEROES MEDIA on this transaction.

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Our restructuring (Charles Morel and Emilie Rosier) and corporate (Camille Mirabel-Chambaud) teams advised the Polish group FA KROSNO (the European leader in gas spring production) in its takeover of DEFTA AIRAX, a subsidiary of the Defta Group (one of France’s leading automotive equipment manufacturers).

This sale will help to preserve strategic industrial activity for European automotive manufacturers and retain as many jobs as possible in the Besançon area.

FA KROSNO was also assisted by Ascagne (Aurélien Morel), and by RSR Conseil (Raphael de Saint Romain) on the strategic and financial aspects of the deal.

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Established in 2013, Cartol specialises in the design and production of bodywork and sheet metal parts. It is based in part of the Cerizay premises previously occupied by Heuliez SAS. Cartol, which is considered a strategic company by the General Directorate of Armaments, has faced various difficulties that have forced it to request the opening of a receivership procedure. After an observation period of several months, a sale plan with provisions preserve most of the jobs and activity on-site was declared by the Commercial Court of Niort in its judgement of 13 April 2023.

Squadra Avocats advised Cartol and its managers during the receivership phase. The team was composed of Solën Guezille and Olivia Debacq (Insurance Law) Jean-Baptiste Belin, Emilie Mounic and Benoîte Chanfray (Intellectual Property), and Charles Morel (Restructuring).

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VSD (Vendredi, Samedi, Dimanche) Magazine was founded in 1977 by Mr Siegel, former General Manager of Europe 1, and sold 400,000 copies per month.

In 1996, the magazine was taken over by Prisma, which in turn sold it to Georges Ghosn in 2018. Complications in this transfer led to the company being placed in receivership, which resulted in the adoption of a recovery plan in April 2021. With rising paper and energy prices, VSD was unable to meet the plan’s deadlines. In a ruling dated 1 February 2023, the Commercial Court of Paris resolved the recovery plan and declared VSD in receivership, with its operation to continue until 31 March 2023.

VSD’s receiver then issued an invitation to tender, which was met with seven takeover bids.

On 7 April 2023, the Commercial Court of Paris approved the plan to sell VSD to Heroes Media, as per which the majority of jobs and the magazine’s DNA are to be preserved.

Squadra Avocates (Charles Morel, Partner, and Ombeline Chaboureau, Associate) acted as counsel for Heroes Media.

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