DECRYPTION – Stéphane Courbit uses a Spac to list Banijay and Betclic on the Amsterdam market.
This is the big leap. 1er next July, Stéphane Courbit will float his group’s entertainment activities on the Amsterdam Stock Exchange; Banijay and Betclic. These two assets will be united under the new name FL Entertainment.
To carry out this operation, he will merge these assets with the Spac Pegasus Entrepreneurs created by Tikehau Capital and Financière Agache and which had raised 210 million in cash on the stock market. Stéphane Courbit, via his LOV holding company, will reinvest 250 million and the shareholders who have supported him throughout his career, Vivendi (which will own 20% of the new entity), Fimalac (7%) and De Agostini (5%) and SBM (10%), will contribute to the new company and for some, will also remit money.
Participate in consolidation
On this occasion, new shareholders will enter such as Exxor (the holding company of the Agnelli family), Axa IM, Didier Le Menestrel, Rodolphe Saadé (in a personal capacity) and the sponsors of Spac, Financière Agache and Tikehau Capital…