PRESS RELEASE - DELSOL Avocats advised NEW MT, a company controlled by the historical shareholder of KING JOUET, a European leader in the toy industry, and managed by Philippe GUEYDON, in the context of its takeover offer over MAXI TOYS (200 stores for the most part located in France and Belgium) subject to judicial reorganization proceedings before Mons commercial Court (Belgium).
This complex crossborder transaction taking place in the context of insolvency proceedings enables the safeguard of 826 jobs out of 1.200 and 95 stores in France and 22 in Belgium.
With almost 350 stores, both KING JOUET and MAXI TOYS will remain autonomous. They will generate a global turnover amounting to +/- 400M€ and will account for 10% of the French toy market.
NEW MT was advised by DELSOL Avocats with a team including :
Pierre GOUGÉ and Jean-Philippe DELSOL, partners and co-heads of the « Corporate Law - Mergers & Acquisitions » department, Manuel WINGERT, counsel specialised in insolvency proceedings, Anaïs FAURY, Martin SOUYRI and Alexia DEMONCHY associates and Edouard PIQUE, legal adviso ;
Séverine BRAVARD, counsel, and Leslie d’ALASCIO, associate, as regards the funding ;
Frédéric SUBRA, partner and co-head of the « Tax law » departement and Paul ALMEIDA, counsel ;
Delphine BRETAGNOLLE, partner and co-head of the « Employment law » department and Jessica NEUFVILLE, associate ;