SCOTTO & ASSOCIÉS provides the Bio-Access Group and its shareholders with tax advice during its takeover by Eurofins
Paris, 22 June 2015
Bio-Access is a French medical biological laboratory group that operates in a range of French regions, where it has over 100 laboratories. It employs around 1,100 people in its laboratories and is set to post turnover of around €140 million in 2015.
The founder and majority shareholder of Bio-Access, Mr Jean-Louis Oger, announced on 17 June 2015 that he, along with his shareholders and senior management, had concluded an agreement with Eurofins Scientific (the main global provider on the bio-analysis market) with the aim of transferring control of the group. Several current shareholders of Bio-Access, including biologists and senior management, will co-invest alongside Eurofins and Mr Jean-Louis Oger.
The transaction, which will allow Bio-Access to strengthen and develop its network in France, should be finalised in the coming months.
Scotto & Associés is assisting the Bio-Access Group and its shareholders with tax aspects, in coordination with CMS Francis Lefebvre (Lyon). The legal aspects will be monitored by Mayer Brown.
Eurofins Scientific is being advised by the law firms Racine and Avodire.