Portzamparc BNP Paribas advised Voyageurs du Monde (https://www.voyageursdumonde.fr/), a world leader in tailor-made travel, adventure-travel and cycling holidays leveraging well-known brands, on a public share buyback offer on its own shares.
Portzamparc Groupe BNP Paribas acted as Sole Financial Advisor, Presenting Bank and Guarantor of the transaction.
👉 Details of the transaction :
VDM plans to repurchase its own shares for an amount of €130m, to be financed in full by its available treasury. After this share buyback, VDM will still have the resources to finance its activity and development
A maximum of 0.9m shares, representing 20% of share capital at €150 per share, a 16.3% premium over the last closing price before the announcement
VDM market cap at offer price: 150m€
Avantage, VDM main shareholder (69% of share capital), tendered part of its stake for c.€28m and some C-suite executives tendered for c.€2m
0.9m shares were tendered, resulting in a complete fulfillment of the offer size
