Tarkett Announces Public Withdrawal Offer and Mandatory Delisting
Deal News | Apr 24, 2025 | Globenewswire
The article discusses a public withdrawal offer initiated by Tarkett Participation to acquire all outstanding shares of Tarkett SA, a leader in flooring and sports surfaces, traded on Euronext Paris. Priced at €17 per share, the offer aims to consolidate ownership by buying the remaining shares not held by Tarkett Participation, which already holds over 90% of the company's shares. The initiative aligns with organizational efficiency strategies by relieving Tarkett from regulatory burdens and reducing costs associated with public listing. Following the public withdrawal, any remaining shares will be compulsorily purchased. Advisors include Rothschild & Co, Portzamparc BNP Paribas, CACIB, and Societe Generale. Tarkett Participation is backed by the Deconinck family and the investment group Wendel.
Sectors
- Flooring and Surfaces
- Corporate Finance
Geography
- France – Tarkett SA and Tarkett Participation, both located in France, are undergoing a major organizational and financial restructuring within French regulatory frameworks.
Industry
- Flooring and Surfaces – Tarkett is a global leader in flooring and sports surfaces, impacting its strategic and financial operations.
- Corporate Finance – The transaction involves complex financial arrangements and advisory roles, underpinning the strategic delisting.
Financials
- 17 euros – The offer price per Tarkett share.
- 106.97 million euros – Maximum expenditure planned by Tarkett Participation to acquire the remaining shares.
- 2.7 million euros – Estimated costs related to the financial and advisory services for the transaction.
- 3.331.9 million euros – Tarkett's consolidated revenue for the fiscal year ending December 31, 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tarkett SA | Target Company | Company | An international leader in flooring and sports surfaces. |
| Tarkett Participation | Initiator of Offer | Company | A French simplified joint-stock company conducting the buyout. |
| Rothschild & Co | Financial Advisor | Company | One of the banks handling the advisory and financial aspects of the offer. |
| Portzamparc BNP Paribas | Financial Advisor | Company | Acting to ensure the financial integrity and execution of the transaction. |
| Credit Agricole Corporate and Investment Bank | Financial Advisor | Company | Providing financial advisory services for the transaction. |
| Societe Generale | Financial Advisor | Company | Ensuring compliance and advisory elements of the offer. |
| Deconinck Family | Owner | People | Major stakeholders within Tarkett Participation. |
| AMF (Autorité des marchés financiers) | Regulatory Body | Government | French financial market regulator overseeing the transaction. |