Latham & Watkins Advises Montefiore Investment on Proposed Acquisition of oXya

Latham & Watkins has advised Montefiore Investment, the renowned French investment firm specializing in SMEs and ETI services, on its exclusive negotiations with Hitachi Vantara for the acquisition of oXya, a subsidiary of Hitachi, Ltd., a leading France-based SAP technical solution, management, and cloud hosting provider.

Montefiore will support oXya’s ambitious growth plan in France and internationally including, in particular, the positioning of the company on new market growth levers and the pursuit of its geographical expansion.

The proposed transaction, which is subject to the fulfillment of customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed in the course of Q3 2023.

The Latham team was led from Paris by corporate partners Thomas Forschbach and Alexander Benedetti, with associates Julia Lefevre, Elisabeth Kerlen, and Giovanni Novi. Advice was also provided on IT matters by partner Jean-Luc Juhan, with associate Daniel Martel; on finance matters by partner Lionel Dechmann, with associates Virginie Terzic, Fanny Barrière, and Léa Demulder; on antitrust matters by partner Adrien Giraud, with associates Charlotte Hamaide and Louis Bouyala; and on tax matters by partner Xavier Renard, with associate Alexis Caminel.