Diaxonhit (ENXTPA:ALEHT) agreed to acquire Capforce Plus from Jean-Michel Carle and Denis Fortier and their families for €27.9 million in cash and stock on January 4, 2017. Jean-Michel Carle and Denis Fortier and their families respectively own 54% and 46% of the capital of Capforce Plus. €10.1 million will be paid in cash for 35% stake and rest 65% of the stake will be purchased by issuance of 60.70 million stock (worth €18.8 million for Diaxonhit ). €8.5 million cash will be paid on completion and rest would be paid in tranche of €1.6 million in the form of seller credit not remunerated and refundable by Diaxonhit with the amount of €0.8 million in June 2018 and remaining balance in June 2019. The deal will be financed through an upcoming capital increase of between €8 million and €12 million with public offering and a loan of €3 to €7 million from specialized institutional investors. Post transaction, the management board will be composed of 4 members: Loïc Maurel, President, Hervé Duchesne de Lamotte, Chief Financial Officer, Jean-Michel Carle, Deals France and Denis Fortier, R & D, production, business development and international. The investment/contribution under consideration by Jean-Michel Carle and Denis Fortier of 65% of the shares of Capforce Plus will be subject to the approval of the shareholders of Diaxonhit within the framework forecasted by the extraordinary general assembly on March 9, 2017. Clotilde CAVELIER, Rodolphe Besserve and Gildas Ecorcheville of Société Générale CIB acted as financial advisor and Lexelians acted as legal advisor to Diaxonhit. Geoffroy Pineau-Valencienne of jones Day acted as legal advisor to Diaxonhit