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  29. Transforming the short-term insurance industry in the East African market
  30. Advising on a EUR 1.1bn Bulgarian gas pipeline procurement
  31. ALPLA expands its global plastic recycling capabilities
  32. CMS advises on first ever European real estate transaction using blockchain
  33. CMS advises on ‘Train Maya’ rail project
  34. CMS helps the BBC launch the streaming service BritBox in the UK
  35. Commerz Real lands the largest deal in its history
  36. Helping Teyliom Hospitality’s expansion in Central and West Africa
  37. Online gambling grows as Gamesys is sold to JPJ Group
  38. Selling the Merkur offshore wind farm
  39. ST Pharm establishes new medical testing and analysis business line
  40. CMS expands in Norway
  41. One woman’s journey to advocating for fair global health
  42. Raising funds for a good cause
  43. CMS Academy adds participants through digital learning
  44. Lupl delivers transformative open industry platform for legal matters

Developing markets

MONACO LUXURY Group is a major economic player, like few others in our local market, and this transaction confirms Monaco's attractiveness to major groups and foreign investors.
Stephan Pastor

CMS Monaco advised the shareholders of the companies within the MONACO LUXURY Group on all the legal aspects of the transaction to sell 100% of their capital to the BPM Group.

The MONACO LUXURY Group, initially the exclusive distributor of Mercedes-Benz in the Principality of Monaco, has gradually developed its portfolio of luxury brands, integrating Bentley and Rolls-Royce in 2000, then Smart, McLaren, Ferrari, Aston Martin and Pininfarina more recently. Today, it is a leading player in the Monegasque market, with nearly 2,000 vehicles sold per year and a turnover of EUR 200m.

BPM GROUP's acquisition of exclusive control of the MONACO LUXURY Group was approved by the French Competition Authority on 11 March 2021.

The deal was quite uncommon for the Monegasque market for a number of reasons: M&A transactions of this size are rare in the Principality. Both the buyer (French) and the seller (Monegasque) are big players in the car sales market in France and as a result, the French Competition Authority had to authorise the transaction (as the applicable thresholds were exceeded).

The CMS Monaco team was led by Stephan Pastor with the support of Coralie Trudon. According to Stephan Pastor, “MONACO LUXURY Group is a major economic player, like few others in our local market, and this transaction confirms Monaco's attractiveness to major groups and foreign investors.

Key contact

Stephan Pastor
Managing Partner
T +377 97 98 42 24