Itm Equipement De La Maison - Itm Em signed a preliminary agreement to acquire France and Spain activities, Asian sourcing office from Bricorama SA (ENXTPA:ALBRI) for an enterprise value of approximately €390 million on July 5, 2017. Itm Equipement De La Maison - Itm Em signed agreement to acquire France and Spain activities, Asian sourcing office from Bricorama SA (ENXTPA:ALBRI) on November 29, 2017. The consideration will be paid in cash. The price will only be adjusted on the basis of the net debt after validation of the realization accounts. Bricorama will retain its Belgian activities and above all ownership of the walls of the 164 stores sold. The sold perimeter reported annual revenue of €500 million in 2016. The transaction is subject to approval by Competition Authority and the consultation of the employee representative bodies. The transaction is expected to close by the end 2017. As on December 19, 2018, Autorité de la concurrence approved the transaction. Philippe-Elie Bacot and Jeanne Falquero of BNP Paribas Corporate Finance acted as financial advisors and Vincent Delmas and Sophie Bougerolle of KPMG Corporate Finance France acted as financial advisors and provided financial due diligence to Societe Civile Des Mousquetaires. Fabien Richard and Elia Ferreira of Deloitte & Touche France acted as accountants and provided advisory services on HR matters to Societe Civile Des Mousquetaires. Hugues Scalbert, Antoine Tézenas du Montcel, Elise Bernard, Antoine Choffel, Franck Audran, Nicolas Planchot, Marie Pastier, Laurent Modave, Arthur Debourdeaux and Luc Marouby of Gide Loyrette Nouel LLP and Jean-Patrick Jacob, Philippe Passemard, Maéva Duenas, Margaux Le Page, Mathilde Boudou, Mathieu Debray and Agathe Opoczynski of Jean-Claude Coulon & Associes acted as legal advisors to Societe Civile Des Mousquetaires. HSBC France acted as financial advisor and Archers acted as a legal advisor to Bricorama. BNP Paribas SA acted as financial advisor to Le Groupement Les Mousquetaires, ultimate parent of Itm Equipement De La Maison - Itm Em