Pierre Commenge

Belay Avocats and Nemrod Avocats advised NFM Group, a leading Norwegian player specialising in personal protection systems for armed forces and security institutions, on the acquisition of French group Paul Boyé, one of the long-standing manufacturers in the defence and security sector.

Founded in 1996, NFM Group has grown rapidly from a small entrepreneurial company to a recognised international supplier of soldier systems. Today, NFM Group has contracts with more than 50 military and police authorities around the world.

Founded in 1904, Paul Boyé supplies protective equipment and technical uniforms to the armed forces, law enforcement agencies, health services and civil protection services. The company employs nearly 250 people in France and more than 2,000 in Madagascar, where it operates an ISO-certified production plant. This strategic acquisition is part of the group’s desire to strengthen its European industrial footprint and consolidate its position among the leaders in the sector.

The Belay Avocats team advising NFM Group on transactional and corporate matters consisted of Julia Elkael and Géraldine Eberhardt (Partners), as well as Luftia Ewane (Associate).

NFM Group was advised by Nemrod Avocats, represented by Maxime Molkhou, Managing Partner, and Pierre-Ange Zalcberg, Counsel, on defence aspects (contracts and regulatory).

The shareholders of Paul Boyé were advised by Akane Avocats, represented by Laurence Louvet, Partner, on transactional and corporate aspects.

Belay Avocats acted as legal counsel to Groupe Saur in connection with the establishment of a strategic joint venture with Inovaya, an innovative company specializing in water filtration and treatment solutions.

Belay Avocats acted as legal counsel to Groupe Saur in connection with the establishment of a strategic joint venture with InovaYa, an innovative company specializing in water filtration and treatment solutions.

This partnership aligns with Groupe Saur’s open innovation strategy and marks the culmination of a four-year collaboration between the two entities. The newly created joint venture will develop new sustainable and smart water management solutions, notably through miniaturized treatment systems tailored to high-demand sectors such as real estate, industry, and healthcare.

The Belay Avocats team was composed of Géraldine Eberhardt (Partner) and Luftia Ewane (Associate).

Belay Avocats acted as legal counsel to Eternam, a specialist in real estate investment, in connection with the acquisition of the Moulin Plaza hotel, a 3-star establishment located at the foot of the Moulin Rouge in Paris’s 9th arrondissement.

Belay Avocats acted as legal counsel to Eternam, a specialist in real estate investment, in connection with the acquisition of the Moulin Plaza hotel, a 3-star establishment located at the foot of the Moulin Rouge in Paris’s 9th arrondissement.

An ambitious renovation program is planned, in partnership with Honotel, the historic hotel operator, to modernize the layout of the rooms and common areas. The renovation aims to reposition the hotel as a 4-star establishment and optimize its potential in a strategic area between the Central Business District and Montmartre Hill.

Belay Avocats team was composed of Julia Elkael (Partner), Géraldine Eberhardt (Partner), and Luftia Ewane (Associate).

Babilou Family acquired the remaining share capital of the Crèche and Go Group, a network of private micro-nurseries established on Réunion Island, comprising 61 facilities and 450 employees. This acquisition follows the partnership initiated in 2014 between the founders of Crèche and Go Group and Babilou Family.

Babilou Family acquired the remaining share capital of the Crèche and Go Group, a network of private micro-nurseries established on Réunion Island, comprising 61 facilities and 450 employees. This acquisition follows the partnership initiated in 2014 between the founders of Crèche and Go Group and Babilou Family.

The Belay Avocats team advising Crèche and Go consisted of Julia Elkael (Partner) and Luftia Ewane (Associate).

Belay Avocats acted as legal counsel to Eternam, a specialist in real estate investment, in connection with the sale of the majority stake held by its fund Phoenix Club Invest in the company operating the O’Lord serviced residence, located in Paris’s 8th arrondissement.

Belay Avocats acted as legal counsel to Eternam, a specialist in real estate investment, in connection with the sale of the majority stake held by its fund Phoenix Club Invest in the company operating the O’Lord serviced residence, located in Paris’s 8th arrondissement.

The transaction, finalized at the end of September 2024, was concluded with Victoires Haussmann SGP, manager of the Ulysse fund, which specializes in assets with high value-creation potential.

The Belay Avocats team was composed of Julia Elkael (Partner) and Luftia Ewane (Associate).