On December 31, 2013, Mutares AG completed its acquisition of PIXmania (and all its subsidiaries) from Dixons Retail.
Gide served as legal counsel to Mutares AG in negotiating the September 26, 2013 sale and purchase agreement, and all the conditions precedent required for the completion of the acquisition were deemed satisfied by the end of the year.
The PIXmania group employs around 900 people in France and the Czech Republic, and generated a turnover of EUR 446 million during the 2013 financial year.
Mutares AG, which is listed on the Berlin stock exchange, acquires medium-sized companies with strong operational improvement potential that are sold by their owners as a result of a strategic repositioning process.
Gide's team comprised of Partner Foulques de Rostolan and Associates Edgard Nguyen and Baba Hady Thiam.