OGF Group in Majority Takeover by Ontario Teachers Pension Plan
Paris – Paul Hastings (Europe) LLP, a leading global law firm, and Castillo Finance announced today that they have advised Philippe Lerouge, CEO of OGF Group, the French leader in funeral services, and its management team, on the majority takeover by Ontario Teachers Pension Plan.
Ontario Teachers Pension Plan has been a minority shareholder of the OGF Group since September 2015. Canada’s largest single-profession pension plan bought 34% of OGF’s shares from Pamplona Capital Management, the Russian private equity firm, and now holds a 74% stake in the OGF Group. Pamplona Capital Management still owns 20% of OGF’s shares, while the OGF Group’s management holds a 6% stake.
The Paul Hastings team included partners
Eric Delorme, Charles de Rozières and Tancrède Caulliez represented Callisto Finance.
Weil, Gotshal & Manges’ (David Aknin, Alexandre Duguay, Fabrice Piollet, Romain Letard and Louis Gosset, in Paris, and Simon Lyell, in London) and Ernst & Young’s teams in Paris and London advised Ontario Teachers Pension Plan.
Allen & Overy (Romy Richter and Jules Lecœur) advised Pamplona Capital Management on the sale of its majority stake.
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