FRANCE – OFI launches takeover of Léon de Bruxelles

OFI Private Equity Capital and the management have launched a takeover bid for listed mussels restaurant chain Leon de Bruxelles for EUR 10.9m per share, an offer which values the company at EUR 64.9m. OFI currently owns a 38.13% stake in the company. The private equity firm has teamed up with the restaurant group's chairman Jean-Louis Detry and chief executive Michel Morin. Detry will sell his 22.52% stake to the new investment vehicle which will be majority-owned by OFI, and Morin will cede his 4.18%. Morin will re-invest the majority of the funds in the vehicle.