Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
14 December 2015
Deals | France | M&A
Gide acted as advisor to IDG Capital Partners on the capital increase of Parrot, a company listed on Euronext Paris. Parrot designs and develops hi-tech wireless products, in particular drones for use by both consumers and professionals.
The approximately €300 million capital increase with shareholders’ preferential subscription right will primarily enable Parrot to accelerate its development and consolidate its leadership position in the consumer and commercial drone markets.
IDG Capital Partners will own approximately 1.5% of Parrot’s capital post capital increase.
Bpifrance also participated in the transaction and will own 5% of Parrot’s capital post capital increase.
This transaction was also supported by Mr Henri Seydoux, Parrot’s main shareholder through Horizon SAS, the company that he controls, which has subscribed for an amount of approximately €93 million.
The Gide team advising IDG Capital Partners on this operation comprises partner Antoine Tézenas du Montcel, Régis Henry and Fanny Esnée.
