Leaf played a pivotal role in facilitating the strategic acquisition by Aci-Somagep, a subsidiary of the French group Parlym, of 100% of the share capital of Colves Fluid Control and its China-based subsidiary, Jiangsu Colves Fluid Control, from Trouvay & Cauvin Holding Group FZCO. This significant transaction in the oil and gas sector underscores Parlym Group’s commitment to enhancing its expertise in engineering services and expanding its presence in the global market.
Colves Fluid Control is a renowned company specializing in the design, development, and trade of industrial valves and integrated systems used across diverse industries, including oil & gas, petrochemical, energy, infrastructure, and water treatment.
Leaf’s legal expertise proved instrumental in assisting Aci-Somagep during the negotiation phase, contractual drafting, and legal due diligence process, particularly concerning foreign law aspects. Leaf’s team, led by Partners Charlotte Mantoux and Bruno Grangier, ensured that all legal aspects of the transaction were thoroughly addressed.
Pirola Pennuto Zei & associati, an Italian law firm advised Aci-Somagep on Italian law aspects, legal due diligence of the target. The legal team at Pirola Pennuto Zei & associati, led by co-managing partner Massimo Di Terlizzi and supported by associate partner Clarissa Galli.
Trouvay & Cauvin Holding Group FZCO, the seller in this transaction, was represented by its general counsel Sarah Mattar.
Parlym Group, with its commitment to offering the best engineering, project management, and facility optimization solutions, continues to expand its portfolio and global reach. The acquisition of Colves Fluid Control and its China-based subsidiary aligns seamlessly with Parlym’s mission to provide cutting-edge engineering services to its clients.
Leaf is proud to have played a crucial role in this strategic acquisition, which reinforces Parlym Group’s position as a leader in engineering services in the energy sector and positions them for further growth on a global scale.
About Leaf
Leaf is a multi-awarded corporate law firm specialized in operations in Asia.
Leaf is advising international corporations and mid-cap enterprises to safely complete their cross-border operations and their joint-ventures with state-owned and private partners. We also assist our clients in their strategic operations across Asia or to structure investments in Asian-based start-ups.
The team is composed of international corporate lawyers based in China and in France.
For further information:
Charlotte Mantoux: c.mantoux@leaf-legal.com
Website: www.leaf-legal.com
About Parlym Group
Our Group has more than 1,000 employees, experts in their fields and passionate about technological advances to offer our prospects and clients the best engineering, project management and facility optimisation solutions.
For more information: https://en.parlym.com/
