The French banking giant BPCE is set to acquire a majority stake in Novo Banco, a move valuing the Portuguese bank at €6.4 billion. The deal, involving the sale of a 75% stake by Novo Banco’s majority shareholder, Nani Holdings (a Lone Star Funds unit), sees several law firms playing critical advisory roles. The firms involved include Darrois Villey, Macfarlanes, Weil Gotshal, and Slaughter and May. These firms are lending their expertise to navigate the complexity of this significant transaction in the banking sector.
For a more detailed analysis of the advisory roles and the specifics of the transaction, please refer to the original article here.