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Cases & Deals

April 22, 2022

Montefiore Investment on the proposed takeover bid for Generix

Montefiore Investment, Pléiade Investissement and the management of Generix Group, a company specialising in the development and implementation of collaborative SAAS solutions for the supply chain and retail ecosystem, have entered into exclusive negotiations with a view to concluding an investment agreement for the acquisition of control of Generix Group by a dedicated vehicle in which Pléiade, Montefiore and Generix's management will be shareholders. This vehicle will then file a takeover bid financed by Montefiore and valuing Generix at approximately €237 million (offer price of €9.50 per share plus €0.50 if the squeeze-out threshold is reached). The closing of the public offer could take place before the end of July after consultation with Generix's employee representative bodies and the approval of the French Competition Authority.