Transactions
Mergers, Acquisitions, Corporate Law
Bignon Lebray has advised Avanquest Software in the acquisition of Micro Application
January, 2011
Avanquest Software, a major developer and publisher of software for individuals and professionals in the world, has announced that it will acquire in early 2011 100% of the shares of Micro Application, a specialist in the non-gaming consumer software publishing industry.
The goal of this transaction is to strengthen Avanquest Software position on the French software market through two complementary brands.
The acquisition has generated a capital increase in cash to which the shareholders of Micro Application have undertaken to subscribe by offsetting the share price with a portion of their payment claims. The issuance of stock warrants completes the whole device in regard to earnout payments.
As the operation has led to the issuance of new shares so as to take up over 10% of the capital, a brochure was prepared and got the AMF visa on January 27, 2011.
Jacques Goyet, Jérôme Granotier and Edouard Waels advised Avanquest Software.
