Clipperton advised Carrefour (ENXTPA:CA) and Rue du Commerce on the sale of Topachat to Groupe LDLC (ENXTPA:ALLDL) and the subsequent sale of Rue du Commerce to Shopinvest. Clipperton acted as sole financial advisor to the seller on both transactions.

The two transactions are in line with Carrefour’s strategy to disengage from non-food e-Commerce and allow Rue du Commerce and Topachat to leverage their well-established brand under new ownership.

The deal highlights Clipperton’s ability to advise large corporate clients on structuring complex transactions with carve-out considerations, and further illustrates its expertise in the e-Commerce space.

April 30th, 2020 - Founded in 1999 and bought by Rue du Commerce in 2009, Topachat has become a recognised expert in the online sale and assembly of high-end PCs and components. The website generated 85 million euros in revenue in 2018, growing 10% annually. The business operations and employees of Topachat will be transferred by Rue du Commerce to Groupe LDLC.