Fieldfisher advises PHE on the sale of Mondial Pare-Brise to Macif

Fieldfisher advised PHE (D'Ieteren Group) in the sale of its vehicle glass repair and replacement business Mondial Pare-Brise to Macif. Mondial Pare-Brise is the 3rd largest national player with 806 sales offices (113 branches, 260 franchisees and 433 repair centers) and has more than 400 employees.

The disposal of PHE’s specialized glass repair activities was imposed by the European Commission following the acquisition of PHE by D’Ieteren Group.

The proceeds from the sale will strengthen PHE’s strategic development through organic and external growth.
 
Fieldfisher advised PHE on the entire sale process. Philippe Netto, partner in charge of the matter, Marion Cressely-Deneuville, counsel and Madeleine Lazaro, associate, were involved in all stages of the deal, from the VDD until the closing on February 10, 2023.
 
They were assisted by:
 

• Antoine Gabizon, partner, Mehdi Gasmi and Lucas Guedj Corchia, associates, on tax aspects
• Laurence Dumure Lambert, partner, and Orianne Maurin, associate, on employment law aspects
• Marie-Léonie Vergnerie, partner, and Camille Fromentin, associate, on environnement law aspects
• Nathalie Hadjadj-Cazier, partner and Mathilde Razou, Counsel, on intellectual property law aspects
• Franck Veisse, partner, Thyllie Robbe and Mathilde Fouilland, associates, on contract law aspects
• Anne-Laure-Hélène des Ylouses, partner and Lauren Mechri, associate, on compliance aspects

Philippe Netto, head of the Corporate, M&A and Private Equity department, comments: "We are delighted to have advised PHE, a long-standing client, on this deal and thank the company for its renewed trust. This matter demonstrates once again our ability to mobilize multi-disciplinary teams to assist our clients in their strategic transactions."