Greg Revenu, Managing Partner at Bryan, Garnier & Co said: “This new major transaction by Bryan, Garnier & Co, which had arranged MODELABS GROUP’s € 15 million convertible placement in 2009, demonstrates our ability to develop long standing relationships with our clients and to back them in the execution of all their complex transactions, either financing capital market related or M&A transactions”. “Bryan Garnier played a key role in the success of this transaction, after having supported us in our main strategic moves over the last few years” added Stéphane Bohbot, founder and Chairman of the Executive Board of MODELABS GROUP.
#BIGBEN INTERACTIVE PRO#
On a pro forma basis, the combined group generated c.€324m in revenues with an EBIT of c.€29m in 2010.Īlain Zagury, founder and Chairman of the Supervisory Board of MODELABS GROUP commented: “The combination of MODELABS GROUP and BIGBEN INTERACTIVE is a major step for our company and creates the European leader in Multimedia devices and accessories convergence.” Furthermore, the combined group will benefit from a more diversified risk exposure to its market segments and to cycle and seasonality effects. The takeover of MODELABS GROUP by BIGBEN INTERACTIVE aims at developing significant synergies of resources and operational expertise while bringing to MODELABS GROUP new growth opportunities in European markets through BIGBEN INTERACTIVE’s international network, particularly in Germany and Benelux. The combination is a natural response to the convergence between the mobile (smartphones, tablets) and video games industries in terms of user experience and distribution networks. In the process, MODELABS GROUP divested its Manufacturing business (luxury handsets), which has no strategic relation with the combined activities, to one of its founders. This represented an equity value for MODELABS GROUP of approximately EURO 100 million based on BIGBEN INTERACTIVE closing price the day of the announcement. Mixed offer: 2 BIGBEN INTERACTIVE shares and € 9.30 cash for 7 MODELABS GROUP sharesĪlternative offer: € 4.40 cash for 1 MODELABS GROUP share This transaction will result in the creation of the European leader in the Multimedia devices and accessories convergence.Īfter having reached an agreement with the founding managers of MODELABS GROUP on for the purchase of the Mobile Devices and Accessories Distribution business of the Company, BIGBEN INTERACTIVE launched an Alternative Tender Offer on the share capital of MODELABS GROUP, comprising two branches: To learn more about how and for what purposes Amazon uses personal information (such as Amazon Store order history), please visit our Privacy Notice.Paris, May 12th 2011 – Bryan, Garnier & Co, the independent pan-European Investment bank focusing on growth companies, announces the success of the Alternative Public Offer on MODELABS GROUP (NYSE Euronext: MDL) by BIGBEN INTERACTIVE (NYSE Euronext: BIG), with BIGBEN INTERACTIVE now owning 94.31% of the capital of the Company. You can change your choices at any time by visiting Cookie Preferences, as described in the Cookie Notice. Click ‘Customise Cookies’ to decline these cookies, make more detailed choices, or learn more. Third parties use cookies for their purposes of displaying and measuring personalised ads, generating audience insights, and developing and improving products. This includes using first- and third-party cookies, which store or access standard device information such as a unique identifier. If you agree, we’ll also use cookies to complement your shopping experience across the Amazon stores as described in our Cookie Notice.
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