Montefiore Investment V, managed by Montefiore Investment, Frédéric Sebag, Laurent Sadoun, Guy Mamou-Mani, Valérie Benvenuto, SC Double Impact Investissement, Gadax Conseil, Avya Partners, Léa Sebag, Allison Sebag, Zacharie Sebag, Axel Mamou-Mani, Gary Sadoun, Michaël Sadoun and D&A made an offer to acquire 28.29% stake in Groupe Open (ENXTPA:OPN) for €34.3 million on November 10, 2020. Under the terms the offer price was €15 per share. Montefiore Investment V, managed by Montefiore Investment, Frédéric Sebag, Laurent Sadoun, Guy Mamou-Mani, Valérie Benvenuto, SC Double Impact Investissement, Gadax Conseil, Avya Partners, Léa Sebag, Allison Sebag, Zacharie Sebag, Axel Mamou-Mani, Gary Sadoun, Michaël Sadoun and D&A will acquire 2.28 million shares in Groupe Open at an voting rights of 22.92%.

The offer will remain open for 25 days. BNP Paribas Group acted as Presenting and guarantor institution. The tender commencement will reopen from December 29, 2020 to January 13, 2021.

Portzamparc BNP Paribas Group represented Groupe Open in the transaction. D & A Investments Partnership Limited acted as financial advisor and DLA Piper acted as legal advisor to Montefiore Investment, Jeantet & Associés acted as legal advisor to Groupe Open, Ayache Salama intervened as legal advice to the founders and Portzamparc (BNP Paribas) acted as presenting institution in the deal. Mayer Brown acted as legal advisor for Montefiore.