Norton Rose Fulbright has advised private bank Berenberg on the share sale of Solutions 30, a French software services company. Shareholders in Solutions 30 came to market with an equity block trade, intended to increase liquidity in the shares and give new investors the opportunity to buy into the name. The deal, led by Berenberg, was for 4.7m shares, or 19,7% of the voting rights and was worth EUR 122m.

The selling shareholders were GIAS International, an investment vehicle for Gianbeppi Fortis, chairman of Solutions 30, and P2C Investissements, a long term shareholder. P2C has now exited through the transaction. Solutions 30s freefloat had increased significantly as a result of the transaction.

Our international Norton Rose Fulbright team was led by Frankfurt partners Dr Frank Peter Regelin and Dr Benedikt Gillessen. The team further comprised Paris partner Roberto Cristofolini and associate Aurelie Pelisson, head of Luxembourg Stéphane Braun and associate Thomas Tomasic as well as London-based US partner Thomas Vita, who advised on US matters.

Berenberg is a long-standing client of Norton Rose Fulbright.