CMS Francis Lefebvre advised IDIA Capital Investissement and Crédit Agricole Régions Investissement on the acquisition of a minority stake in Dammann Frères.
CMS Francis Lefebvre has advised IDIA Capital Investissement and Crédit Agricole Régions Investissement on their acquisition of a minority stake in Dammann Frères, one of France's oldest tea houses. The company specialises in the import, production and sale of teas, infusions and accessories, and has traditionally distributed its products to cafés, hotels, restaurants and luxury grocery shops in France. The company - majority-owned by the Italian group Illy, via the Polo Del Gusto holding company - generated sales of 40 million euros in 2022.
This transaction illustrates the Crédit Agricole Group's commitment to supporting the transition towards a competitive, more sustainable and ethical agri-food system.
For this transaction, the CMS Francis Lefebvre team advising IDIA Capital Investissement was coordinated by Benoit Gomel, partner, and composed of:
- Benoit Gomel, partner, Vincent Desbenoit and Marion Houdu associates, for the Corporate/M&A aspects;
- Jean-Charles Benois, partner, William Hamon, partner, Ambroise Roux, Elisa Benibri and Julie Leduey-Florentin, associates, for the tax law aspects;
- Anne-Laure Villedieu, partner, Anaïs Arnal, Mûre Maestrati and Paul Letartre for the protection of personal data and intellectual property law aspects;
- Aline Divo, partner, Claire Le Gloanec and Karoline Brattlie, associates, for the real estate law aspects;
- Maïté Ollivier, partner, and Maud Rozenek, associate, for the employment law aspects.
Polo Del Gusto and Dammann Frères were advised by Fidal.
