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

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

The terms and conditions of this friendly offer – which would be made on the basis of a price of €0.85 per share – have been set out in an agreement entered into between SoftBank Group and Balyo. The offer is supported by Balyo’s board of directors pending the opinion of the works council and 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, as well as foreign investment control clearance in France.

The Bredin Prat team advising SoftBank Group comprised:

• Corporate: Kate Romain and Jean-Benoît Demaret (partners), Karine Angel (counsel), Charles Sahel and Aude Pianet
• Employment law: Fanny Pezet
• Financing: Karine Sultan (partner) and Benjamin Cartier
• Capital markets: Olivier Saba (partner) and Douceline Chabord
• Public law: Guillaume Léonard and Wallis Hebert
• Tax: Jean-Florent Mandelbaum (partner) and Paul Cauchin