LAMY LEXEL assists BOIRON’s family shareholders

LAMY LEXEL assists BOIRON’s family shareholders

With the assistance of LAMY LEXEL Avocats Associés, BOIRON’s family shareholders have transferred their majority shareholding to Boiron Développement, which will launch a simplified takeover bid (OPAS) for BOIRON SA’s shares, with the aim of delisting the company.

The BOIRON family council, with the support of the teams at LAMY LEXEL Avocats Associés in its strategic thinking on the development of the Family Group, has initiated the transfer of all BOIRON shares, held directly or indirectly by the family shareholders, to BOIRON DEVELOPPEMENT. The latter will launch a simplified takeover bid for BOIRON SA’s shares, which may be followed by a delisting.

The family shareholders owned 69.9% of BOIRON, the world’s leading homeopathic pharmaceutical company. This transfer of majority shareholding was accompanied by:

  • the reinvestment of 70% of the share capital and voting rights by the family shareholders,
  • EW Healthcare Partners’ acquisition of approximately 25% of BOIRON DEVELOPPEMENT’s share capital and voting rights,
  • and the reinvestment of approximately 5% of the share capital and voting rights by FCPE Boiron.


BOIRON's share is valued at €50 (€39.64 per share, with a special dividend of €10.36) and the Group at approximately €875 M.

Advised operation by LAMY LEXEL Avocats Associés

LAMY LEXEL Avocats Associés took part in the family’s strategic discussions at the outset of the project in order to clarify and determine the various options that were available to the BOIRON family, given its development challenges.

This preliminary support for family shareholders, based on expertise and a human approach, is an integral part of LAMY LEXEL’s DNA. This interpersonal dimension is certainly even stronger when the family is involved at every level of the process.

The teams at LAMY LEXEL Avocats Associés thus joined forces with the BOIRON family and the management team, drawing on their different skills to successfully complete the transaction: Corporate, Stock exchange, Tax, Funding, Competition and Employment.

Participants in the operation
Boiron Family Council

LAMY LEXEL Avocats Associés 

Corporate: Michel Masoëro and Mathilde Trannoy (partners), Elodie Blacher and Clothilde Herault (lawyers)

Stock exchange: Vincent Medail (partner), Julien Rey (lawyer)

Employment: Marion Beaudot (partner)

Tax: Pierre-Antoine Farhat (partner), Hélène Relange (senior manager), Sophie Donabella, Marion Blum and Margaux Tournayre (lawyers)

Competition: Aurélie Dantzikian Frachon (partner), Manon Pourcher (associate director)

Funding: Julie Thomas (partner), Pauline Philippon and Kevin Srey (lawyers)

Thierry Boiron adds: “The Lamy Lexel team has lived up to its reputation! The team is characterised by its great spirit, motivation, capacity to listen and honesty. They are highly involved in the thinking process, a source of support in times of doubt, sincere in their analysis and recommendations – all the qualities you would look for in a “friend”… and, of course, they provide first-class excellence at every level! Over these last 18 months, we’ve had the pleasure of working with a team that goes above and beyond, and who knew how to guide us towards success!”

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