Argo advises Smartphoto Group on public takeover bid by Coucke and Vlerick

Argo Law is pleased to have advised the board of directors of Smartphoto Group (Euronext Brussels: SMAR) in connection with the public takeover bid launched by Alyrick, the investment vehicle of Belgian entrepreneurs Marc Coucke and Philippe Vlerick.

The bid, which followed Alyrick’s earlier acquisition of a significant stake, was made for all outstanding shares not already held by Alyrick or its affiliates. After a second offer period, the bidder reached an ownership threshold of over 95%, allowing it to proceed with a squeeze-out and delisting of Smartphoto from the Euronext Brussels.

With this, Smartphoto – originally listed in 1991 as Spector – closes a 34-year chapter on the stock market and moves forward under private ownership.

We are proud to have supported the board throughout this significant milestone and strategic transition.

The Argo team on this transaction included: Nico Goossens, Henri Nelen, Andries Bots and Louise Rooms.