Client case study: Lagardère / Hearst
At the end of January 2011, Mazars assisted Lagardère to prepare the sale of its “International Magazines” activity to the US major media player Hearst, and then helped both parties in the post-closing price adjustment, in the framework of vendor due diligence. As the sales process was centralised in Paris, Lagardère and Hearst wanted Mazars’ services to be overseen by a Paris-based structuring team, to facilitate direct contact with the managers of the deal process.
Mazars coordination for an international assignment
This assignment also called for contributions from our local teams in the United States, the United Kingdom, Italy, Spain and the Czech Republic. “The strong coordination capacity shown and the quality of our international system led Hearst to request Mazars’ services for a further assignment”, says Pierre-Marie Lagnaud, a partner of WeiserMazars in New York. This assignment was led by Financial Advisory Services partner Jacques Giard, in close coordination with Bruno Balaire, signatory partner for Lagardère. The services provided for this deal enabled Mazars to showcase the scope of its advisory offer to the American Group, Hearst.
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