20 May 2022
Gide is advising Cast (a pioneer and market leader in Software Intelligence), Vincent Delaroche, founder and CEO of Cast, and Cast's management, on signing a share transfer agreement between Bridgepoint Development Capital and DevFactory, Crédit Mutuel Equity SCR, Long Path Holdings 2, LP and Vincent Delaroche, the major Cast's shareholders, regarding the acquisition by Bridgepoint Development Capital (via Financière Da Vinci) of a 65% of the share capital of Cast.
Alongside Bridgepoint Development Capital, Vincent Delaroche and Long Path Holdings 2, LP will continue to support Cast's development, as will certain of the company's shareholder managers, who will contribute a part of their Cast shares to Financière Da Vinci.
Following the completion of the acquisition of the controlling interest, Bridgepoint Development Capital would launch a mandatory simplified tender offer to acquire the remaining Cast shares, followed by a squeeze-out as the case may be.
The Gide team advising Cast, Vincent Delaroche and Cast's management is led by partner Antoine Tézenas du Montcel, working with associates Elise Bernard and Rosalie Schwarz on M&A/corporate aspects, partner Caroline Lan on aspects related to the reinvestment of the executive teams, partner Paul de France working with associate Charles Ghuysen on the tax aspects, and partner Foulques de Rostolan on the employment law aspects.
Mayer Brown is acting as legal counsel to Bridgepoint Development Capital.