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.
Gide advises the Michelin group, the leading tyre company, in the context of the all-cash simplified tender offer initiated by Compagnie Financière Michelin SCmA (CFM), a subsidiary of Compagnie Générale des Etablissements Michelin (CGEM), acting in concert with the Ivory Coast company SIFCA, on the shares of the Société Internationale de Plantations d'Hévéas (SIPH) not held by the concert parties, at a price of €85 per SIPH share.
The primary aim of the friendly offer is to enable CFM and SIFCA to strengthen their ties and raise their stake in SIPH's capital in light of the increasingly important role that West Africa is playing in global natural rubber production against a backdrop of intensified competition between the players in these markets.
Following the tender offer, and if the requisite conditions are met, CFM will request a squeeze-out of any remaining minority shareholders of SIPH.
The Gide team comprised Antoine Tézenas du Montcel (partner), Régis Henry (counsel) and Arthur Debourdeaux.
SIFCA was advised by Brugière & Emir. SIPH was advised by FTPA.
