Quick in €745 Million Tender Offer by CDC Capital Investissement

Cleary Gottlieb represents Quick Restaurants SA/NV, a Euronext Brussels listed company, and its shareholders, CNP (Albert Frere Group) and AvH, in the €745 million tender offer by an acquisition vehicle backed by CDC Capital Investissement, the private equity arm of the French Caisse des dépôts et consignations. The offer notice was formally lodged on November 16, and the transaction is likely to close in early 2007.

Quick is the second largest fast food chain in France and the largest in Belgium. The deal is one of the first “public-to-private”, private equity backed tender offers on a Euronext Brussels target.