News

Osborne Clarke advised the Belron group in its plan to sell the Carglass® Maison group to a joint venture between Mutares and HomeServe France


Written on 23 June 2021

Osborne Clarke advised the Belron group, as part of a competitive process, in its plan to sell the Carglass® Maison group to a joint venture between Mutares (80%) and HomeServe France (20%).

The transaction is subject to a certain number of conditions, including the opinion of the employee representative bodies and the authorization of the regulatory authorities.

The Carglass® Maison (CGM) group, previously known as Maisoning, is a renowned French specialist in home repair and emergency, with over 50 years of experience and two main activities. Within the Emergencies division, CGM provides rapid on-site intervention to resolve daily problems, such as repairing a leak or unlocking a door. Within the Works & Renovation division, CGM carries out planned work such as improvement or renovation, as well as disaster recovery work on behalf of insurers.

CGM is made up of 6 companies and a minority stake, has 28 branches in France and covers 100% of mainland France. CGM employs more than 500 people.

This acquisition would be the tenth buyout operation for Mutares in 2020. Created in 2008, Mutares specializes in industrial investment, its success is linked to a strong entrepreneurial culture and a sustainable approach, the objective of which is to revive companies of average height.

HomeServe France is a subsidiary of the British company of the same name, a world leader in home services, listed on the London Stock Exchange. With a mission to simplify home repairs and upgrades, HomeServe France has been the leading service company in its market for 20 years.

Speakers

The Belron group was advised by:

  • Osborne Clarke Paris on M&A and social aspects:
    – M & A / Corporate and lead: David Haccoun, partner, Anne-Laure Laroussinie, counsel and Cyrille d’Amécourt, associate,
    – Labor law: Jérôme Scapoli, partner;
  • Valoren on the Restructuring aspects with Virginie Verfaillie Tanguy, partner and Morgane Valla, associate;
  • Bird & Bird on Antitrust aspects with Thomas Oster, partner;
  • Arsène Taxand on tax aspects with Brice Picard, partner and Camille Cherruault, associate.

The buyers were advised by:

  • Jeantet on M&A and social aspects:
    – M&A: Michael Samol, counsel, and Nicolas Martin, associate,
    – Labor law: Laetitia Ternisien, counsel.