Gide advises Horizon on its mandatory public tender offer to acquire 100% of the share capital of Parrot, world no. 2 of the consumer drone market. This offer, approved by the AMF on 5 March 2019, follows the off-market acquisition of 9.59% of Parrot's capital by Horizon.
Gide advised Horizon with a team comprising partners Olivier Diaz and Charles de Reals, with associates Aurore Martinelli and Julien Bracq on corporate matters, as well as partner Magali Buchert and associate Agathe Coq-Etchegaray on tax matters. Brandford Griffith & Associés advised Parrot on corporate matters.