Wilhelm & Associés

WILHELM & Associés and BDGS Associés served as legal counsels for FNAC in its acquisition of DARTY before the French Competition Authority


The French Competition Authority (Autorité de la concurrence) has today announced that it has decided to clear the takeover of Darty by Fnac, subject to the divestiture of six stores in Paris and the Parisian region out of a total of 400 stores in France.
 
This announcement marks the end of an in-depth Phase 2 investigation in the context of which the Authority has – for the first time – admitted to include online sales within the relevant market for retail sale of consumer electronics. This will allow the completion of the public offer initiated by Fnac in November 2015 and increased in May 2016, which values the entire issued and to be issued share capital of Darty at £914 million as of 17 May 2016.
 
BDGS Associés and Wilhelm & Associés advised Fnac in these proceedings :
 
  • BDGS : Maria Trabucchi and Mathilde Damon (Partners), with Agathe Esch ;
  • Wilhelm & Associés : Pascal Wilhelm (Partner) with Juliette Géneau de Lamarlière and Paul-Arthur Luzu.
 
Fnac was also advised by strategic consultancy firm Altermind (Mathieu Laine, Erwan Le Noan) and antitrust economics consultancy firm MAPP (Anne Perrot and Antoine Chapsal, Partners).
 
Darty was advised on antitrust aspects by Bredin Prat (Hugues Calvet – Partner -, Valérie Landes - Counsel –, with Irène Madero and Camille Vardon) and Compass Lexecon (David Sevy, Partner).
 
You will find attached the press release published by the French Competition Authority earlier today.
 
We are at your full disposal to discuss this case.