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New Deal


Announced

Groupe Bertrand to buy 6.2% shares of Groupe Flo for $52m.

Financials

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Transaction Value£43m
Consideration Type-
Capital Owned71%
Capital Bid For6%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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lodging facilities

Pending

France

fast food restaurants

Natural

gaming

Restaurants and Bars

Acquisition

Public

Minority

Single Bidder

Synopsis

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Groupe Bertrand, a restaurant company, acquired a 6.2% stake in Group Flo for $52m. With this deal Groupe Bertrand aims to enable Groupe Flo to carry out its recovery plan more efficiently. Groupe Bertrand also plans to proceed with the squeeze-out of Group Flo securities, provided that the conditions for implementing the squeeze-out are met.

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