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Paris - Ardian, the independent private investment company, has entered into exclusive negotiations with LBO France with regard to the acquisition of a majority stake in DIAM Group, the world leader in point of sale merchandising solutions for major luxury, cosmetic and retail brands. Ardian became the majority shareholder alongside the management team and BNP Paribas Développement, which will be increasing their stakes.

Created in 1968 and run by Michel Vassaire, its Chairman, since 2007, DIAM Group has gradually become the leading player in the design, production and installation of display units in point of sales for several brands. Following a strong organic growth, the company has over 2 000 employees working at 28 sites. The company operates in 22 countries across Europe, America, Asia and Northern Africa. In 2015, DIAM had a turnover of over € 200 million.

The Mayer Brown team advising LBO France on the legal aspects included Thomas Philippe (partner) and Ségolène Dufétel.