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Bignon Lebray and August Debouzy on the projected acquisition of Billetreduc.com by Fnac Darty group

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Bignon Lebray and August Debouzy are respectively advising Fnac Darty Group and Lagardère Group, as part of exclusive negotiations regarding a proposed acquisition of Billetreduc.com by France Billet (subsidiary of Fnac Darty Group) specializing in cultural ticketing and leisure activities.

France Billet, a major player on the French ticketing market through a multichannel and multiband distribution network established on the whole territory, would make available with this acquisition, a wider and diversified ticket offer to strengthen its action in favor of cultural diversity, the discovery of new talents and make culture accessible for all audiences.

Billetreduc.com, a prominent French distributor of “last minute” event tickets, would bring to France Billet a complementary offer to the growing market of last minute tickets, thus enabling the latter to capture a new audience and strengthen its attractiveness to event organizers. With 2 million customers and nearly € 8 million in revenue, its online platform is a benchmark in the theater segment and garners more than 140,000 reviews a year.

Enrique Martinez, Managing Director of Fnac Darty, has said: “With this acquisition, Fnac Darty would give France Billet the means to diversify and strengthen its ticketing offers on the whole French territory, in a changing market. Ticketing is at the heart of our business and we want to strengthen our cultural role as a reference territorial player.”

The objective of Fnac Darty is to finalize the transaction during the first quarter of 2019.

Legal advisors of Fnac Darty: Bignon Lebray

  • Corporate – M & A issues: Edouard Waels (partner), Fanny Esnée (associate), Guillaume Roussel (associate)
  • IT – Data issues: Elise Dufour (partner)
  • Distribution Contracts: Frédéric Coulon (partner), Floriane Cadio de Kermainguy (associate)

Legal advisors of Lagardère: August Debouzy

  • Corporte – M & A issues: Julien Aucomte (partner), Elsa Jospe (senior associate), Maxime Legourd (associate)
  • IP / Data issues: Florence Chafiol (partner) , Barbara Naouri ( Senior associate)