Iris Financial injected over EUR 152 million of capital into Younited in consideration for newly-issued shares of Younited. Iris Financial will own at least 93% of Younited, with any remaining Younited shares to be acquired by Iris after completion pursuant to drag-along provisions contained in Younited’s existing shareholder agreement and upon the exercise of put-call rights by Iris or certain historical Younited shareholders. Iris Financial has been be renamed 'Younited Financial' and will remain listed on Euronext Amsterdam while applying for an additional listing on Euronext Paris in the near term. NautaDutilh is representing Iris Financial as Dutch and Luxembourg counsel in connection with the transaction.
The NautaDutilh team that worked on this matter was a joint Luxembourgian and Dutch team showcasing our ability to work closely together across jurisdictions.