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Allen & Overy advises Crédit Mutuel Arkéa on the sale of Leetchi and MANGOPAY to Advent International

Allen & Overy has advised Crédit Mutuel Arkéa on the sale of a majority stake of Leetchi SA, which comprises of Leetchi and MANGOPAY, to Advent International.

Crédit Mutuel Arkéa will remain a minority shareholder and will sit on the Board of Directors.

The transaction, which has been the subject of consultations with employee representative bodies, is conditional on the signing of final agreements and is subject to the relevant regulatory approvals.

The Allen & Overy team in Paris was composed of Jean-Claude Rivalland (Partner), Flora Leon-Servière (Senior Associate) and Alexia Monne (Associate) on corporate aspects, Claire Toumieux (Partner) and Camille Wattrelos (Associate) on employment law aspects, Mathieu Vignon (Partner) and Walfroy Vivier (Associate) on tax aspects, and Mia Dassas (Counsel) on regulatory aspects.

The team also included the Allen & Overy team in Luxembourg with Jacques Graas (Partner), Marc Tkatcheff (Counsel) and Guillaume Foillard (Associate) on corporate aspects, and Henri Wagner (Partner) and Baptiste Aubry (Counsel) on capital markets aspects.