Minority shareholder

A minority shareholder has to face multidimensional and complex situations that imply ad hoc advice.

Issues

  • Purchase or sale
    • Investment structuring
    • Shareholders’ agreement (governance, liquidity, etc.)
  • Pre-litigation and litigation (judicial disputes / arbitrations)
    • Shareholders’ disputes
    • Liquidity disputes

STANCE provides minority shareholders advice to help solving governance and liquidity issues at the time of investment.

Recent deals


2018 - Significant deals

2018 Wizville prise de participation Newfund conseil des investisseurs STANCE2018 Akoustic Arts prise de participation Newfund Renault conseil des investisseurs STANCE2018 Arenametrix prise de participation Newfund conseil des investisseurs STANCE2018 Optionizr prise de participation Newfund conseil des investisseurs STANCE2018 FairMoney prise de participation Newfund conseil des investisseurs STANCE2018 PouleHouse levee de fonds Business Angel conseil du business angel STANCE2018 World is a village levee de fonds Onepoint conseil de la cible STANCE2018 Bergoz Instrumentation cession Caribou et Chamois conseil du fondateur STANCE2018 Hotel Gambetta acquisition Ginto Hotel conseil de l acquereur STANCE

2017 - Significant deals

2017 Camping and co cession Rocket Internet conseil des fonds d’investissement vendeurs STANCE2017 Jimmy Fairly prise de participation Experienced Capital conseil de l acquereur STANCE2017 Alain Figaret prise de participation majoritaire Experienced Capital conseil de l acquereur STANCE2017 La Croissanterie LBO CM CIC Investissement conseil du fondateur STANCE2017 Accel Accelis cession etiam conseil des vendeurs STANCE2017 Arkadin acquisition NTT communications conseil de la cible STANCE2017 Caldera acquisition Dover conseil des vendeurs STANCE2017 Cette famille prise de participation Newfund Normandie Participations STANCE2017 Loginchinese prise de participation Newfund conseil de l investisseur STANCE2017 Luckey Homes prise de participation Newfund Nexity conseil des investisseurs STANCE2017 Novacyt Dual listing AIM London stock exchange Euronext growth conseil de la cible STANCE2017 Polyfont OBO personnes physiques conseil de l operation STANCE2017 Restauration francaise acquisition Newrest conseil de l acquereur STANCE2017 Robocath levee de fonds M Capital conseil de l investisseur STANCE2017 Vanguard acquisition Sterience conseil de l acquereur STANCE2017 Seifel acquis par Sicame Group Equistone conseil du vendeur STANCE

2016 - Significant deals

2016 Balibaris prise de participation Experienced Capital conseil de l investisseur STANCE2016 Groupe Casino JV avec les principaux franchises Franprix LEader Price conseil de l acquereur STANCE2016 Biofloral acquis par Pranarom Vendis Capital conseil de l acquereur STANCE2016 Apetito acquis par Newrest conseil de l acquereur STANCE2016 Saveurs restauration acquis par Vitalrest conseil de l acquereur STANCE2016 Maison Standards prise de participation Experienced Capital conseil de l acquereur STANCE2016 Primerdesign acquis par Novacyt conseil de l acquereur STANCE2016 Pom d Api LBO investisseurs prives conseil de l acquereur STANCE2016 Adveo acquis par Westcoast conseil de l acquereur STANCE2016 Coralys prise de participation par Newrest conseil de l acquereur STANCE2016 Soeur prise de participation Experienced Capital conseil de l acquereur STANCE2016-Eurofeu-LBO-personnes-physiques-Societe-Generale-conseil-de-l-acquereur-STANCE

Business cases

  • Minority shareholders’ agreement
    We assisted a shareholder with a minority stake, whose contribution to the joint venture was very significant, in designing clauses for a coordinated exit in the event of a disagreement with the majority stakeholder so as to have an alternative to a straight sale to a third party in such case.
  • Assistance for a non contractual investment exit
    One of our clients was a minority shareholder whose contractual rights did not encompass all the classical protection for his liquidity. We progressively helped in convincing the entrepreneur who held a majority interest, during somewhat tense negotiations, to organize his long time partner’s liquidity. For this purpose, we analyzed our client’s situation and legal means, and drew on our experience of such situations.
  • Litigation in the context of a contractual liquidation
    The majority shareholder had decided to wind up a trading company, in which our client - who held a minority interest - would lose his entire investment. We have implemented a series of legal remedies – both via summary proceedings and on the merit – with a view to convincing the majority shareholder to open a satisfying negotiation.