On 31 December 2013, mutares AG completed the acquisition of PIXmania S.A.S. and all its subsidiaries from Dixons Retail plc. Following the signing of the sale and purchase agreement on September 26, 2013, all the conditions precedent required for the completion of the acquisition have been satisfied.
The PIXmania group generated a turnover of EUR 446 million during the 2013 financial year, and employs around 900 people throughout its sites in France and the Czech Republic.
mutares AG, listed on the Berlin stock exchange, acquires medium-sized companies with strong operational improvement potential that are sold by their owners as a result of a strategic repositioning process.
Gide advised mutares AG with a team comprising partner Foulques de Rostolan (Employment), Edgard Nguyen and Baba Hady Thiam (M&A).