Shearman & Sterling advised Florac in connection with the sale of its stake in Brico Privé, the French leading online flash sales platform dedicated to DIY, gardening and home to the group les Mousquetaires, among the largest food retail group in France.
Founded in 2012 by Julien Boué and Marc Leverger, Bricoprive.com is France’s leading website for flash sales of DIY products. The Company offers a wide range of quality products at discounted prices via a dozen of new sales per day. Thanks to its strong market position, product curation acumen, and digital expertise, the Company has rapidly grown into a leading player.
Florac is an investment vehicle wholly owned by the Meyer family and whose purpose is to exclusively invest the family’s funds.