TPG Growth, Satya Capital LLP and Evolution media group Pty Ltd. signed a definitive agreement to acquire 75% stake in Trace Partners SAS from Modern Times Group Mtg AB (OM:MTG B) on January 19, 2018. Transaction values 100% of the business at an enterprise value of €40 million. Remaining 25% stake will be owned by Trace’s co-founder and management team. The transaction is subject to standard closing conditions, including regulatory clearance. Lazard acted as financial advisor and Eduardo Fernandez, Grégory de Saxcé, Gil Kiener, Charles-Antoine Erignac and Perrine Saunier of Willkie Farr & Gallagher LLP acted as legal advisor to Trace Partners, Trace Partners’ co-founder, Olivier Laouchez, and the Trace Partners management team. Bernard Grinspan, Patrick Ledoux, Audrey Obadia-Zerbib, Audrey Paul, Claire Aristide, Jérôme Delaurière, Maïwenn Béas, Victoire Ségard and John Gaffney from Gibson, Dunn & Crutcher LLP and Arnaud Mourier and Damien Foisy d'Angicourt of TAJ acted as legal advisors for TPG Growth. Emmanuel Scialom and Paul Sautier of Dentons US LLP acted as a legal adviser to Modern Times Group Mtg AB. EY acted as accountant to Trace.