Dec 2018
Conyers advised LVMH Moët Hennessy Louis Vuitton (“LVMH”), which owns iconic brands like Louis Vuitton, Christian Dior and Dom Pérignon, on its acquisition of the Belmond hotel group.
LVMH acquired Belmond for US$25.00 per Class A share in cash. This represents an equity value of US$2.6 billion in a transaction with an enterprise value of US$3.2 billion. The transaction is expected to complete in the first half of 2019 subject to the approval of Belmond’s shareholders and clearance by the relevant competition authorities.
Director Marcello Ausenda and Associate Edward Rance of Conyers’ Bermuda office together with Partner and Head of BVI Corporate Robert Briant advised on the matter.