Aquiline Capital Partners LLC and Elyan Partners SAS agreed to acquire an unknown majority stake in Cheops Technology France SA (ENXTPA:MLCHE) on December 14, 2021. Aquiline Capital Partners LLC and Elyan Partners SAS signed definitive agreement to acquire a 98.71% stake in Cheops Technology France SA for approximately €180 million on December 22, 2021. The purchase price is €78.26 cash per share. Following the transaction, Nicolas Leroy-Fleuriot will step down from his management responsibilities and hand over management to Emmanuel Carjat and Stéphane Leroy, who are expected to be appointed co-managing partners in the first half of 2022. Nicolas will remain a Director and shareholder alongside Aquiline, Elyan Partners, the new co-managing partners and the Cheops management team. Alvarez & Marsal, Howden Group and Hogan Lovells advised Aquiline Capital, Elyan Partners and Cheops Technology's new management team on debt financing. The investment by Aquiline and Elyan, that would lead to a change of control, is subject to Cheops' Social and Economic Committee review and regulatory approvals, and is expected to close in the first half of 2022. A public offer is expected to be made to delist CHEOPS from Euronext Access and shares of CHEOPS will be delisted from Euronext Access, if appropriate, after completion of this offer.

Stanislas de Gmeline, Thibaut De Smedt, Sanjin Goglia, Charlie Pujo, Clement Decante, Maxime Roi and Arthur Saint-Pol of Bryan, Garnier & Co acted as financial advisors and Jeffrey Poss, Hugo Nocerino, Mathilde Faure and Rudy Merlet of Willkie Farr & Gallagher LLP acted as legal advisors and Timothy David Lightfoot of Deloitte acted as an accountant to Aquiline Capital and Elyan. Etienne Costes and Paul Antoine of EY-Parthenon acted as commercial and technical due diligence provider to Aquiline Capital and Elyan. David Aknin of Weil, Gotshal & Manges LLP and Paul-Antoine SAINT-GERMAN and Alexander Premont of DS Avocats acted as legal advisors to Cheops Technology. Diane Kany and Alexandre Rocchi of Arsène-Cabinet d'Avocats carrying out the tax due diligence of the transaction. Kossi Aglamey-Pap, Floris Hovingh, Adina Bleotu, Geoffrey Wallet and Jonathan Gibbons of Alvarez & Marsal France SARL acted as financial advisor, Alexander Premont of Hogan Lovells (Paris) LLP acted as legal advisor and Howden Group represented Aquiline Capital Partners and Elyan Partners. Henri Pieyre de Mandiargues and Fanny Rech McDermott of McDermott acted as management advisor to Aquiline and Elyan.