Davis Polk is advising Technicolor S.A. in connection with an investment by JPMorgan Chase & Co. The PIPE will be carried out through Jesper Cooperatief, a Dutch investment vehicle jointly owned by One Equity Partners, the private equity arm of JPMorgan Chase, and JPMorgan Chase. Following the closing of the transaction, amounting to between €147 million and €158 million, Jesper will hold between 25.18% and 29.96% of the share capital of Technicolor. The closing of the transaction is subject to the shareholders’ approval as well as customary regulatory approvals.
Technicolor is a world-wide technology leader in the media and entertainment sectors, delivering advanced video services to content creators and distributors, whose shares are admitted to trading on Euronext Paris. JPMorgan Chase is one of the oldest financial institutions in the United States.
The Davis Polk corporate team includes partners Georges Terrier and Christophe Perchet, counsel Natacha Marty, and associates Hadrien Schlumberger and Jean-Baptiste Molmy. Partner Andrés V. Gil and associate Nora Newton Muller are providing U.S. securities advice. Counsel Jean-Mathieu Cot and Stephen M. Pepper are providing antitrust advice. Members of the Davis Polk team are based in the Paris and New York offices.
