Month: June 2024

Accor and LVMH join forces to accelerate development of Orient Express

Posted on by Valentin Poitou

In June 2024, the Louis Vuitton Moët Hennessy group, world leader in the luxury goods sector, signed a strategic partnership with the Accor group. Joffe & Associés (Véronique Dahan and Charlotte Gauvin) advised on the various intellectual property issues involved in this transaction.

 

This partnership aims to strengthen Orient Express’ position in the luxury travel sector, with projects for new trains, hotels and sailing ships.

 

The Orient Express, created in 1883, initially ran between Paris and Vienna, then extended its route to Venice from 1919, and then to Constantinople (Istanbul), thus serving several European capitals. By crossing Europe, this train symbolizes the meeting of East and West.

 

Since its acquisition by Accor in 2022, Orient Express has launched several notable initiatives, including the revival of a historic train and the launch of its first sailing yacht scheduled for 2026. The first Orient Express-branded hotels will also open in Rome and Venice, with other destinations in development.

 

The heads of the two groups, Bernard Arnault of LVMH and Sébastien Bazin of Accor, expressed their enthusiasm for the project. They emphasize that this partnership will explore new horizons and reinvent the art of travel, while honoring the cultural heritage and elegance that characterize Orient Express.

WEBNET Group acquires YAYTY

Posted on by Valentin Poitou

Find the original post from Webnet’s president on LinkedIn here.

 

WEBNET Group, web designer and digital solutions integrator, acquires YAYTY, a computer coding and user experience consultancy. Joffe & Associés (Virginie Belle, Paddy Pascot and Alexia Guyot) is advising the WEBNET group on this acquisition.

 

This acquisition will enable YAYTY, which has some twenty consultants and sales of €2.3 million by 2023, to contribute to extending the WEBNET group’s activities, particularly in product management (UX, PO), data management, fullstack development and the cloud.

 

With this operation, the WEBNET group aims to achieve sales of around €20 million by 2024, and will bring together some 200 consultants in Paris, Bordeaux, Lille and Nantes.

 

 

 

Transaction participants :

 

– Buyer’s legal advisor: Joffe & Associés (Virginie Belle (Barone), Paddy PASCOT)
– Legal counsel for the seller : TMH Avocats (Margaux Horstmann, Thomas Mliczak)
– DD Financial (Acq.): Exelmans (Manuel Manas, Charles Derache, Stéphane Dahan)
– DD Legal, Tax / Social (Acq.) : Joffe & Associés
– Structured financing – BNP Paribas (David Eyraud, Germain Pardon, Daniel ARDELJAN) – Caisse d’Epargne Ile-de-France (Camille BORIE)
– Investment funds (WEBNET): SOCADIF Capital Investissement (Emmanuel DAVID) – CEIDF CI (GUILLAUME GUIN)

Fountaine Pajot acquires La Chevrolière plant

Posted on by Valentin Poitou

Read the original article on ActuNews Wire here.

 

Fountaine Pajot, a leader in pleasure boat design, has acquired a Loire-Atlantique supplier to develop the interior outfitting of its sailing yachts. The company, advised by Joffe & Associés (Christophe Joffe & Rudy Diamant), is integrating a factory belonging to the Malvaux Industries group.

 

After a first half-year marked by an increase in sales of almost 33.2% over the same period last year, Fountaine Pajot is increasing its capacity by taking over the design activities of the La Chevrolière site, acquired from the Malvaux Industries group. This acquisition is designed to strengthen Fountaine Pajot’s position in the market for the design and manufacture of boat interiors for all of its products. The site covers 8,000 m² of industrial buildings, equipped with digital machines, and employs around sixty people.

 

Nicolas Gardies, Managing Director of Fountaine Pajot, told Les Echos magazine: “By acquiring this joinery, Fountaine Pajot is acquiring a tool and expertise developed by Malvaux Industries. This know-how is key in the value chain of boat development. This acquisition strengthens the Fountaine Pajot Group.

 

In 2024, Fountaine Pajot sets itself apart with the commercial launch of its hybrid electric solutions and the marketing of Thira 80, the new flagship of its range. Two examples of this luxury yacht, a 24-meter-long giant and the largest sailboat ever built at the Aigrefeuille shipyard, will be ready by the end of August from the workshops refitted for their manufacture.

 

Fountaine Pajot is also pursuing its growth ambitions with a 16 million euro investment plan for the year. Of this sum, 6 million will be devoted to the development of new boats, and 10 million to strengthening industrial capacities.

Next Gen : Joffe & Associés co-opts two new partners in Paris

Posted on by Valentin Poitou
Download our press release here.

Joffe & Associés is delighted to announce the promotion of Camille Malbezin and Alvyn Gobardhan to the rank of partner. These appointments illustrate the continued dynamic growth of Joffe & Associés and its ability to nurture the next generation.

 

Having joined Joffe & Associés in 2019 and then promoted to Counsel in 2022, Alvyn has rapidly gained the trust of prestigious clients thanks to his expertise in commercial law, covering areas such as commercial contracts, distribution law and trade practices.

 

A true business partner to his clients, he actively contributes to the development of their activities, securing their agreements and defending their rights. Alvyn works in a variety of sectors, advising French and international players, notably in the sports industry, but also suppliers of luxury goods and cosmetics.

 

Recently, he has played a key role in the negotiation and conclusion of major agreements, and has been singled out by the Legal 500.

 

Camille, who joined Joffe & Associés in 2012, has used her sector-specific legal expertise and deal-maker approach to help the firm’s teams grow and support its clients in their growth.

 

Her association is recognition of her career path and her involvement with a clientele of excellence. Camille has acquired solid expertise in private equity, from ventures to LBO/MBO transactions, covering a wide range of business sectors. She assists innovative companies with their employee shareholding issues, both nationally and internationally, working closely with the firm’s offices and international network.

 

Camille also advises companies and major groups on mergers & acquisitions, external growth and strategic partnerships.

 

Following the recent opening of the Los Angeles office and the steady development of its London business, Joffe & Associés is proud of the promotions of Camille and Alvyn, which are in line with the firm’s commitment to offering tailor-made solutions to the evolving and complex needs of its clients.