M2i Simplified Public Tender Offer followed by a Squeeze-Out

Portzamparc BNP Paribas advised Abilways, a fully owned subsidiary of Skolae, on its simplified public tender offer followed by a squeeze-out on M2i (www.m2iformation.fr/), a French company providing professional training in IT, digital, management and soft skills.  

Portzamparc BNP Paribas acted as Sole Presenting Bank and Guarantor of the transaction.  

👉 Details of the transaction:

• On February 3rd, 2025, Skolae announced its commitment to acquire a controlling stake in M2i by purchasing 59.9% of its capital from Prologue at a price of €8.5 per share.  
• M2i market cap at offer price: c. €49m.  
• The Offer targeted c.1.8m shares representing 31.1% of M2i’s shares capital.  
• The offer price represented a 126% premium over last closing price before the announcement.  
• Between June 9th and 23rd, 2025, 1.6m shares were tendered via the fully centralized offer.  
• At the end of the Offer, Skolae announced holding directly and indirectly c.5.1m shares, representing 97.9% of share capital and 95.9% of voting rights.  
• The squeeze-out is to be implemented on July 11th, 2025.