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07/07/2016
CMS was tax advisor to Edouard Denis in his sale to Nexity and its financial partner, MBO Capital, of 55% of the Edouard Denis property development group, which he founded and directs. Edouard Denis retains the remaining shares in the group.
De Pardieu, Brocas Maffei was the corporate advisor to Edouard Denis and MBO Capital in the deal.
Gide advised the Nexity group.
The Edouard Denis group was founded in 1996. It began operations in the high-end property market at Le Touquet-Paris-Plage before gradually expanding to become a leading general developer. Its multi-region strategy has made it a major player in the property markets in Ile-de-France, Lille, Normandy, Loire-Atlantique, the Lyon region and Marseilles and its surroundings.
In 2015 the group obtained 1,676 reservations and had turnover of around €180 million. Residentially, it aims to develop over one thousand homes a year.
The deal enables Nexity to continue its expansion in the residential property sector.
Edouard Denis will continue to head and manage the Edouard Denis group under its own brand.
The CMS team advising Edouard Denis, the founder and director of the group of the same name, in this deal was:
Other advisors:
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