Pathé and IDG Capital negotiating with Eagle Football Holdings to acquire stake
Allen & Overy is advising Pathé and IDG Capital on their “entry into exclusive negotiations” with Eagle Football Holdings LLC for the sale of their stakes in Olympique Lyonnais Group.
Holnest, the holding company and family office of Jean-Michel Aulas, CEO and chairman of the board of directors of Olympique Lyonnais Group, will also sell part of its stake to Eagle Football Holdings LLC.
Eagle Football Holdings LLC is the holding company of the interests of John Textor and Jamie Salter in football clubs.
Eagle Football Holdings LLC will also subscribe to a capital increase of €86 million as part of the transaction and will become the majority shareholder of Olympique Lyonnais Group.
The signing of the final agreements with respect to the transaction is subject to “prior consultation with Olympique Lyonnais Group’s works councils”, an Allen & Overy statement said.
This transaction will be followed by a simplified mandatory tender offer.
The Allen & Overy team consists of partner Frédéric Moreau (pictured, centre), partner Marc Castagnède (pictured, right), partner Dan Benguigui (pictured, left), partner Hippolyte Marquetty, senior consultant Catherine Maison-Blanche, and associate Antoine Messent.