BSL Pipes & Fittings SAS made a binding offer to acquire Aperam Stainless Services & Solutions Tubes Europe S.A.S. from Aperam (ENXTAM:APAM) on January 9, 2017. Aperam Stainless Services & Solutions reported revenues of €64 million in 2016. The transaction would be subject to a consultation process with the works council in accordance with French law and customary closing conditions, and would be expected to be completed by the end of the first half of 2017. Michael Herrmann, Marc Dunoyer, Hubert Preschez, Augustin Héron and Sophie Larnaudie of SG Corporate & Investment Banking acted as financial advisor, Nathalie Margraitte of Grant Thornton France acted as accountant while Michel Frieh, Jérôme Halphen and Amale El Fatmioui of DLA Piper France acted as legal advisors for Aperam.