CMS Bureau Francis Lefebvre advised NextStage on their investment in the Cap Cinéma group. NextStage, together with MI3, has teamed up with the founding shareholders to invest a further €15 million to fund Cap Cinéma's business development plans. The transaction also enables the exit of Bpifrance Investissement, which had supported the group since 2008 (notably through the “Patrimoine et Création” fund).
For this transaction, NextStage was advised by CMS Bureau Francis Lefebvre with Arnaud Hugot and Cécile Leclerc providing their expertise on the corporate aspects of the deal, and Jérôme Sutour on the regulatory aspects.
Fidal with Dominique Lemaire acted as advisers to the Cap Cinéma group.
The group's historic shareholders were advised by Ten France with Hervé Ouvrard, while Bpifrance Investissement received advice from Proskauer with Caroline Chabrerie and Elsa Dufaut.
Financial due diligence was conducted by Mazars (Pierre Tchertoff and Sébastien Feltesse). Legal due diligence was performed by Latournerie Wolfrom (Christian Wolfrom).
Transaction R (Benoît O’Mahony) provided financial advice to the transferor.
NextStage is an independent management company. As a pioneer and leader in expansion capital in France, NextStage specialises in financing and investment in the growth of SME champions. It manages €310 million invested in 57 listed and unlisted French and European SMEs. It is 85-% owned by the co-founders, Grégoire Sentilhes and Jean-David Haas, with their partners, Vincent Bazi and Nicolas de Saint-Etienne. The transaction was handled by Nicolas de Saint-Etienne with Michaël Strauss-Kahn.
About Cap Cinéma
Created in 2003 by Philippe Dejust and Frédéric Namur, the Cap Cinéma group operates multiplexes in France. It targets its offer at mid-sized cities (Blois, Carcassonne, Agen, and others), delivering high-quality cinema services equivalent to multiplexes in large cities, as well as an innovative and diversified concept, including a programme of performances and concerts, venue leasing for events, restaurant areas, games rooms, and more. In the space of 10 years, the group has grown to be the fifth largest multiplex operator in France.
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