Marguerite Acquires a Majority Stake in Jifmar

February 21, 2022

Paris – Paul Hastings (Europe) LLP advised the founders of Jifmar Offshore Services S.A.S. (Jifmar), Jean-Michel Berud and Foad Zahedi, in connection with Marguerite's acquisition of a majority stake in Jifmar from RAISE Investissement.

Headquartered in Aix-en-Provence, Jifmar is a leading integrated marine and engineering solutions provider which operates a fleet of 45 vessels and 34 complimentary equipment (remotely operated underwater vehicles, sonar, pontoons). It employs circa 295 people. Jifmar was created in 2005 initially to provide operational and safety support services to oil & gas companies. Since then, it has developed into a leading provider of engineering solutions for marine and subsea projects in shallow waters, expanding into the renewable energy, power, telecom, aquaculture and civil engineering sectors.

As part of the transaction, the co-founders of the company, Jean-Michel Berud, CEO, and Foad Zahedi, chairman of the supervisory board, will remain in place and reinvest in the company alongside Marguerite. The transaction is expected to be completed in Q2 2022.

Paul Hastings' team on this transaction was led by Charles Cardon (partner) and included Moussa Mbodji (associate) on corporate and contractual aspects, Bruno Leroy (partner) and Alexandra Chevalier (associate) on tax aspects, Camille Paulhac (partner) and Juliette Hua (associate) on antitrust aspects, as well as Stéphane Henry (partner) and Alexandre Ruiz (associate) on employment law aspects.

Raise Investissement was advised by De Pardieu Brocas Maffei (Jean-François Pourdieu).

Marguerite was advised by Willkie Farr & Gallagher LLP (Brice Pommies, Gil Kiener, Charles-Antoine Erignac and Philippe Grudé).

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