25 April 2012
Watson, Farley & Williams, a leading international law firm, is pleased to announce that it has advised finance company Assya on the transfer of its international businesses to a group of investors represented by entrepreneur Thierry Leyne.
The €23.5 million transaction includes its core capital investment company (Assya Capital Luxembourg), insurance company (Firstcaution), and private management company, which itself includes an asset management companies in Belgium, Israel, Luxembourg, Monaco, Romania and Switzerland.
Together, the sold businesses represent 7.3% of Assya’s total business operation, which also includes the reassignment of the Assya name: the seller will be called Global Equities Compagnie Financière after its next general meeting. The Assya brand will continue to be used for the private banking and private equity businesses.
Lucien Rapp from the Paris office led the advice to Assya, assisted by Julien Barba. Paris law firm Veil Jourde advised Thierry Leyne.
Commenting on the deal, Lucien Rapp said: “It was a pleasure to assist Assya in developing its business in what is a very restrictive legal environment. The deal was highly complex, and required not only a high level of competence in company law but also in-depth knowledge of that regulatory environment, and so drew on the many strengths of our Paris team.”