CM CIC Investissement SCR – agta record - March 2019
Duteil Avocats advised CM-CIC INVESTISSEMENT on transaction where the shareholders of the family-held company 3B Finance GmbH, CM-CIC Investissement and the Banque Fédérative du Crédit Mutuel decided to accept the offer received from Assa Abloy, the world’s largest lock manufacturer, to acquire their 53.75 percent stake in agta record ag , a Swiss company listed on Euronext Paris, foreign stocks, in which Assa Abloy already owned a 39 percent shareholding.
agta record is a leading manufacturer of automatic pedestrian entrance systems and provider of related services. It is headquartered in Fehraltorf, Switzerland, and has 2,600 employees. In 2018, agta record grossed EUR 374.4 million. It sells its products and services across the globe and is directly present with subsidiaries in 17 countries.
This transaction values 100% of agta record’s share capital at EUR 933m. After the completion of the acquisition, which is however conditional upon approval from the European competition authorities, Assa Abloy will own 93.77% of agta record’s share capital.