Proskauer Advises Ardian on Exclusive Negotiations to Acquire a Majority Stake in DIAM
PARIS, JULY 2, 2024 – Proskauer, a leading international law firm, announced today that it advised Ardian, a global leader in private investment, on its exclusive negotiations to acquire a majority stake in DIAM, alongside the management team, which will reinvest significantly, and BNP Paribas Développement. DIAM is a world leader in the visual merchandising and shopfitting markets for the beauty and luxury sectors.
After an initial successful collaboration with Ardian between 2016 and 2018, DIAM has since continued to grow and strengthen its geographical positions, supported by EMZ Partners and a consortium of investors including BNP Développement, ldia and Socadif. The group now employs over 3,200 people spread over 30 sites in 20 countries, supporting its customers on a local-to-local basis in Europe, Asia, Africa and the Americas. In 2023, DIAM's sales exceeded 400 million euros, mainly in the visual merchandising, shopfitting, niche packaging and point of sales' services segments.
The group's recent growth has been driven by strong geographic expansion, the extension of its product range, and the close proximity to customers which lies at the heart of DIAM's culture. Today, the group is recognized as the sector's front runner in terms of CSR commitments, working to implement key actions for beauty and luxury brands.
The Proskauer team was led by partner Matthieu Lampel and included associates Vanessa Hamiane, Marion Bruère and Benjamin Benzakine (M&A). The team also included partner Maud Manon, counsel Pierre Tardivo and associate Antoine Cottin (Finance).
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