Bredin Prat advises SoftBank Group in connection with its proposed tender offer to acquire all of Balyo’s shares

Bredin Prat is advising SoftBank Group, a Japanese investment holding company, in connection with its proposed public tender offer to acquire all of the shares in Balyo, a French company specialised in automated robotic forklift technologies.

As SoftBank Group already owns more than 91% of Balyo’s share capital, the offer will be followed by a squeeze-out.

This friendly offer – which would be made on the basis of a price of €0.60 per share – has been welcomed favorably by Balyo’s board of directors, pending the conclusions of the independent expert.

The opening of this offer will be subject to a compliance decision from the French financial markets authority, the AMF.

The Bredin Prat team advising SoftBank Group comprised:

• Corporate: Jean-Benoît Demaret (partner), Louis Cochou and Amance Peyrac
• Financing: Karine Sultan (partner) and Benjamin Cartier
• Employment law: Laetitia Tombarello (partner) and Émilie Iafrate
• Tax: Jean-Florent Mandelbaum (partner) and Françoise Panel