Find your Advisor


Degroof Petercam advises LISI, a company listed on Euronext, on its Share Repurchase Tender Offer and capital reorganization

LISI is a global industrial group specializing in the manufacture of assembly solutions and high value-added components for the aerospace, automotive and medical sectors.

IMAP is pleased to announce that Degroof Petercam acted as sole financial advisor to LISI on its Share Repurchase Tender Offer and capital reorganization.

LISI is a global industrial group specializing in the manufacture of assembly solutions and high value-added components for the aerospace, automotive and medical sectors. LISI has achieved sales of €1.42 billion in 2022 and employs over 9,600 people in 13 countries on 4 continents.

The proposed Share Repurchase Tender Offer covered a maximum of 7,576,004 shares (c. 14% of capital) at a price of €27.0 per share (ex-dividend), which represents an amount of c. €205 million. Degroof Petercam also acted as presenting bank for the offer.

Peugeot Invest, which held 5.1% of LISI's capital, has contributed its entire stake in LISI to the proposed Share Repurchase Tender Offer. CID and VMC, which respectively held 54.8% and 5.8% of LISI's capital, did not contribute their shares.

Following completion of the proposed Share Repurchase Tender Offer, CID would propose to its own shareholders a capital reduction through the repurchase of its own shares covering a maximum percentage of 41.8% of its capital, in exchange mainly for LISI shares held by CID, as well as a limited amount of cash. This would enable CID shareholders - other than its controlling shareholders, CIKO and VMC - to sell up to their entire stake in CID. Peugeot Invest has undertaken to contribute its entire 25.4% stake in CID to this buyback operation.

Contact us
CONNECT WITH AN ADVISOR.
Middle-market M&A is a world of opportunity, and with that comes a sea of options and moving parts. Your advisor is the compass. Contact us for a no-commitment consultation with an M&A specialist, who’ll listen carefully to your concerns and give an honest, unbiased assessment on the best way forward.
Our business is your business growth
more information?

Contact us

We love to hear from you. Our team is always here to chat.

Contact form

Thank you for your interest in IMAP. Please use the form below to tell us more about your current situation and we’ll be sure to have the right professional get back to you as soon as possible.