Latham & Watkins advises Ardian Expansion on its acquisition of a majority stake in Artefact

A Paris-based team from Latham & Watkins advised Ardian Expansion, a world-leading private investment house, on the signing of a securities purchase agreement (“SPA”) with Artefact’s main shareholders, as well as several managers and minority shareholders, regarding the transfer of a controlling block in Artefact followed by the launching of a mandatory simplified cash tender offer. 

The “SPA”, represents approximately 52% of the share capital and voting rights of Artefact (the “Controlling Block”), for a price of 7.8 euros per ordinary share. Artefact is an expert in data transformation and data & digital marketing for major brands. 

Following the completion of the acquisition, Ardian Expansion will file a mandatory simplified cash tender offer for the remaining share capital of Artefact at the same price of 7.8 euros per ordinary share. 

Latham advised Ardian Expansion on the transaction with a Paris-based corporate team led by partner Olivier du Mottay with Philippe Tesson and Mayssa Sader. Michel Houdayer, partner, advised on the financing aspects, Olivia Rauch-Ravisé, managing partner, on tax law, and Mathilde Saltiel, partner, on antitrust aspects.