Van Bael & Bellis assists GIFI group on all Belgian aspects of its financial and operational partnership with Trafic
Van Bael & Bellis’ corporate M&A team assisted GIFI, a brand leader in the retail market for affordable home and lifestyle equipment in France, in setting up an international financial and operational partnership with Trafic, a major player in discount stores and non-food distribution in Belgium.
The financial partnership takes the form of an acquisition by GIFI of a stake in Trafic’s capital. The operational partnership involves Trafic's having access to the products on GIFI’s integrated central purchasing platform. The partnership will result in a network of 523 stores in five countries (France, Belgium, Luxembourg, Spain and the Ivory Coast).
Van Bael & Bellis partner Michel Bonne led the corporate team. He was assisted by associates Vincent Jodard and Mattias Verbeeck. Van Bael & Bellis partner Martin Favart led the competition team involved in the transaction.
French law firm Jeantet assisted GIFI on all French aspects of the transaction.
A further press release on the transaction can be found here.