@socialgouv/fiches-vdd 2.892.0 → 2.894.0
This diff represents the content of publicly available package versions that have been released to one of the supported registries. The information contained in this diff is provided for informational purposes only and reflects changes between package versions as they appear in their respective public registries.
- package/CHANGELOG.md +14 -0
- package/data/associations/F12104.json +1 -1
- package/data/associations/F1801.json +82 -20
- package/data/associations/F31493.json +1 -1
- package/data/associations/F31494.json +1 -1
- package/data/associations/N19554.json +1 -1
- package/data/associations/R19859.json +33 -4
- package/data/associations/R33779.json +1 -1
- package/data/associations/R48291.json +1 -1
- package/data/associations/R52931.json +1 -1
- package/data/associations/R60912.json +32 -3
- package/data/associations/index.json +218 -218
- package/data/index.json +75319 -75059
- package/data/particuliers/F1091.json +1 -1
- package/data/particuliers/F1109.json +2 -2
- package/data/particuliers/F111.json +1 -1
- package/data/particuliers/F11201.json +6 -6
- package/data/particuliers/F12104.json +1 -1
- package/data/particuliers/F1226.json +2 -2
- package/data/particuliers/F12544.json +7 -1
- package/data/particuliers/F1359.json +744 -1468
- package/data/particuliers/F13605.json +2 -2
- package/data/particuliers/F14873.json +1 -1
- package/data/particuliers/F14876.json +1 -1
- package/data/particuliers/F15401.json +3 -3
- package/data/particuliers/F15402.json +4 -4
- package/data/particuliers/F15478.json +1 -1
- package/data/particuliers/F1551.json +3 -3
- package/data/particuliers/F1563.json +1 -1
- package/data/particuliers/F15813.json +4 -4
- package/data/particuliers/F15898.json +24 -24
- package/data/particuliers/F15926.json +83 -0
- package/data/particuliers/F16053.json +3 -3
- package/data/particuliers/F16096.json +249 -383
- package/data/particuliers/F16217.json +2 -23
- package/data/particuliers/F1650.json +83 -0
- package/data/particuliers/F1653.json +83 -0
- package/data/particuliers/F1654.json +83 -0
- package/data/particuliers/F1692.json +1 -1
- package/data/particuliers/F16922.json +48 -48
- package/data/particuliers/F17164.json +225 -532
- package/data/particuliers/F17312.json +6 -6
- package/data/particuliers/F17319.json +6 -6
- package/data/particuliers/F17335.json +2 -2
- package/data/particuliers/F17336.json +7 -7
- package/data/particuliers/F17359.json +5 -5
- package/data/particuliers/F1801.json +82 -20
- package/data/particuliers/F2009.json +1 -1
- package/data/particuliers/F20739.json +1 -1
- package/data/particuliers/F2075.json +1 -1
- package/data/particuliers/F2094.json +1 -1
- package/data/particuliers/F21089.json +1 -1
- package/data/particuliers/F2120.json +1 -1
- package/data/particuliers/F21516.json +4 -4
- package/data/particuliers/F2208.json +44 -44
- package/data/particuliers/F2209.json +70 -70
- package/data/particuliers/F2215.json +1351 -561
- package/data/particuliers/F2297.json +2 -2
- package/data/particuliers/F23149.json +83 -0
- package/data/particuliers/F23476.json +3 -3
- package/data/particuliers/F24410.json +477 -785
- package/data/particuliers/F2444.json +2 -2
- package/data/particuliers/F265.json +56 -492
- package/data/particuliers/F2689.json +3 -3
- package/data/particuliers/F2710.json +8 -8
- package/data/particuliers/F2861.json +1 -1
- package/data/particuliers/F2863.json +1 -1
- package/data/particuliers/F2918.json +1 -1
- package/data/particuliers/F2956.json +1 -1
- package/data/particuliers/F2961.json +1 -1
- package/data/particuliers/F2963.json +421 -152
- package/data/particuliers/F2971.json +4 -4
- package/data/particuliers/F302.json +2 -2
- package/data/particuliers/F3076.json +82 -140
- package/data/particuliers/F31408.json +3 -3
- package/data/particuliers/F31493.json +1 -1
- package/data/particuliers/F31494.json +1 -1
- package/data/particuliers/F31952.json +16 -16
- package/data/particuliers/F32257.json +2 -2
- package/data/particuliers/F32823.json +29 -1
- package/data/particuliers/F32833.json +2 -2
- package/data/particuliers/F32884.json +2 -2
- package/data/particuliers/F33173.json +93 -788
- package/data/particuliers/F33371.json +13 -0
- package/data/particuliers/F33778.json +1031 -222
- package/data/particuliers/F33793.json +13 -0
- package/data/particuliers/F33952.json +6 -6
- package/data/particuliers/F34014.json +13 -0
- package/data/particuliers/F34063.json +83 -0
- package/data/particuliers/F34107.json +98 -21
- package/data/particuliers/F34112.json +2 -2
- package/data/particuliers/F34635.json +3 -71
- package/data/particuliers/F34904.json +3 -3
- package/data/particuliers/F35032.json +1 -1
- package/data/particuliers/F35178.json +6 -6
- package/data/particuliers/F35274.json +1 -1
- package/data/particuliers/F35285.json +13 -0
- package/data/particuliers/F35308.json +4 -4
- package/data/particuliers/F35475.json +13 -0
- package/data/particuliers/F35476.json +13 -0
- package/data/particuliers/F35792.json +2 -2
- package/data/particuliers/F35796.json +1 -1
- package/data/particuliers/F35846.json +13 -0
- package/data/particuliers/F35947.json +13 -0
- package/data/particuliers/F35950.json +13 -0
- package/data/particuliers/F35951.json +13 -0
- package/data/particuliers/F36155.json +13 -0
- package/data/particuliers/F36502.json +1 -1
- package/data/particuliers/F36601.json +13 -0
- package/data/particuliers/F36602.json +13 -0
- package/data/particuliers/F36606.json +13 -0
- package/data/particuliers/F36608.json +13 -0
- package/data/particuliers/F36615.json +13 -0
- package/data/particuliers/F36827.json +13 -0
- package/data/particuliers/F36828.json +13 -0
- package/data/particuliers/F36837.json +13 -0
- package/data/particuliers/F36844.json +13 -0
- package/data/particuliers/F36846.json +13 -0
- package/data/particuliers/F36847.json +13 -0
- package/data/particuliers/F36848.json +13 -0
- package/data/particuliers/F36849.json +13 -0
- package/data/particuliers/F36850.json +13 -0
- package/data/particuliers/F36875.json +13 -0
- package/data/particuliers/F36876.json +13 -0
- package/data/particuliers/F36877.json +13 -0
- package/data/particuliers/F37167.json +13 -0
- package/data/particuliers/F37557.json +3742 -0
- package/data/particuliers/F527.json +28 -28
- package/data/particuliers/F628.json +50 -44
- package/data/particuliers/F72.json +7 -7
- package/data/particuliers/F843.json +339 -66
- package/data/particuliers/F88.json +2 -2
- package/data/particuliers/N110.json +1 -1
- package/data/particuliers/N120.json +1 -1
- package/data/particuliers/N18131.json +13 -0
- package/data/particuliers/N19554.json +1 -1
- package/data/particuliers/N19602.json +1 -1
- package/data/particuliers/N20360.json +1 -1
- package/data/particuliers/N31336.json +1 -1
- package/data/particuliers/N31750.json +0 -36
- package/data/particuliers/N54.json +1 -1
- package/data/particuliers/R10850.json +5 -5
- package/data/particuliers/R14113.json +34 -5
- package/data/particuliers/R14120.json +34 -5
- package/data/particuliers/R14668.json +30 -1
- package/data/particuliers/R17176.json +1 -1
- package/data/particuliers/R18974.json +2 -2
- package/data/particuliers/R19859.json +33 -4
- package/data/particuliers/R20462.json +42 -13
- package/data/particuliers/R3120.json +1 -1
- package/data/particuliers/R31806.json +64 -1
- package/data/particuliers/R33767.json +1 -1
- package/data/particuliers/R33779.json +1 -1
- package/data/particuliers/R36751.json +32 -3
- package/data/particuliers/R41686.json +1 -1
- package/data/particuliers/R42572.json +2 -2
- package/data/particuliers/R48291.json +1 -1
- package/data/particuliers/R51836.json +1 -1
- package/data/particuliers/R52931.json +1 -1
- package/data/particuliers/R53739.json +2 -2
- package/data/particuliers/R55333.json +5 -5
- package/data/particuliers/R56743.json +1 -1
- package/data/particuliers/R59398.json +35 -1
- package/data/particuliers/R60912.json +32 -3
- package/data/particuliers/R61572.json +86 -28
- package/data/particuliers/R62705.json +68 -0
- package/data/particuliers/R66689.json +34 -0
- package/data/particuliers/index.json +5106 -5106
- package/data/professionnels/F15478.json +1 -1
- package/data/professionnels/F1784.json +1 -1
- package/data/professionnels/F20564.json +2 -2
- package/data/professionnels/F21000.json +1 -1
- package/data/professionnels/F2160.json +1 -1
- package/data/professionnels/F22311.json +14 -20
- package/data/professionnels/F22314.json +314 -102
- package/data/professionnels/F22352.json +13 -0
- package/data/professionnels/F22359.json +13 -0
- package/data/professionnels/F22494.json +1 -1
- package/data/professionnels/F22542.json +5 -341
- package/data/professionnels/F22782.json +4 -340
- package/data/professionnels/F22790.json +0 -48
- package/data/professionnels/F22988.json +2 -2
- package/data/professionnels/F23107.json +4 -340
- package/data/professionnels/F23149.json +83 -0
- package/data/professionnels/F23220.json +2 -2
- package/data/professionnels/F23257.json +3 -3
- package/data/professionnels/F23264.json +3 -3
- package/data/professionnels/F23267.json +5 -5
- package/data/professionnels/F23282.json +1 -1
- package/data/professionnels/F23283.json +1 -1
- package/data/professionnels/F23458.json +1 -1
- package/data/professionnels/F23503.json +5 -341
- package/data/professionnels/F23573.json +1 -1
- package/data/professionnels/F23633.json +1 -1
- package/data/professionnels/F23667.json +2 -2
- package/data/professionnels/F23668.json +1 -1
- package/data/professionnels/F23697.json +4 -340
- package/data/professionnels/F23844.json +313 -1
- package/data/professionnels/F23887.json +3 -3
- package/data/professionnels/F23961.json +3 -3
- package/data/professionnels/F24023.json +3 -3
- package/data/professionnels/F24024.json +6 -6
- package/data/professionnels/F2407.json +4 -340
- package/data/professionnels/F2918.json +1 -1
- package/data/professionnels/F31190.json +1 -1
- package/data/professionnels/F31194.json +1 -1
- package/data/professionnels/F31195.json +13 -0
- package/data/professionnels/F31204.json +13 -0
- package/data/professionnels/F31328.json +1 -1
- package/data/professionnels/F31415.json +1 -1
- package/data/professionnels/F31447.json +4 -340
- package/data/professionnels/F31479.json +104 -585
- package/data/professionnels/F31498.json +124 -492
- package/data/professionnels/F31627.json +1 -1
- package/data/professionnels/F31636.json +2 -70
- package/data/professionnels/F31713.json +398 -342
- package/data/professionnels/F31849.json +2 -2
- package/data/professionnels/F31925.json +7 -61
- package/data/professionnels/F31972.json +13 -13
- package/data/professionnels/F32069.json +1 -1
- package/data/professionnels/F32095.json +13 -0
- package/data/professionnels/F32135.json +1 -1
- package/data/professionnels/F32232.json +1 -1
- package/data/professionnels/F32234.json +112 -593
- package/data/professionnels/F32266.json +3 -3
- package/data/professionnels/F32304.json +2 -2
- package/data/professionnels/F32308.json +100 -581
- package/data/professionnels/F32313.json +1 -1
- package/data/professionnels/F32333.json +1 -1
- package/data/professionnels/F32353.json +4 -340
- package/data/professionnels/F32886.json +2 -2
- package/data/professionnels/F32887.json +3 -3
- package/data/professionnels/F32963.json +1 -1
- package/data/professionnels/F32994.json +0 -226
- package/data/professionnels/F33050.json +2 -2
- package/data/professionnels/F33339.json +4 -4
- package/data/professionnels/F33754.json +150 -106
- package/data/professionnels/F33816.json +2 -2
- package/data/professionnels/F33957.json +2 -2
- package/data/professionnels/F34678.json +4 -340
- package/data/professionnels/F35032.json +1 -1
- package/data/professionnels/F35201.json +2 -2
- package/data/professionnels/F35240.json +2 -2
- package/data/professionnels/F35273.json +1 -1
- package/data/professionnels/F35274.json +1 -1
- package/data/professionnels/F35360.json +543 -574
- package/data/professionnels/F35480.json +4 -340
- package/data/professionnels/F35897.json +1 -1
- package/data/professionnels/F35930.json +1 -1
- package/data/professionnels/F35934.json +1 -1
- package/data/professionnels/F35938.json +1 -1
- package/data/professionnels/F35939.json +1 -1
- package/data/professionnels/F35952.json +1 -1
- package/data/professionnels/F35954.json +1 -1
- package/data/professionnels/F35956.json +2547 -0
- package/data/professionnels/F35957.json +1 -1
- package/data/professionnels/F35958.json +1 -1
- package/data/professionnels/F35965.json +1 -1
- package/data/professionnels/F35972.json +1 -1
- package/data/professionnels/F35974.json +1 -1
- package/data/professionnels/F35990.json +3 -3
- package/data/professionnels/F35991.json +1 -1
- package/data/professionnels/F36004.json +1 -1
- package/data/professionnels/F36006.json +6 -342
- package/data/professionnels/F36007.json +5 -341
- package/data/professionnels/F36018.json +1 -1
- package/data/professionnels/F36040.json +1 -1
- package/data/professionnels/F36056.json +4 -340
- package/data/professionnels/F36070.json +1 -1
- package/data/professionnels/F36170.json +106 -587
- package/data/professionnels/F36173.json +106 -587
- package/data/professionnels/F36177.json +106 -587
- package/data/professionnels/F36182.json +106 -587
- package/data/professionnels/F36201.json +100 -581
- package/data/professionnels/F36203.json +4 -340
- package/data/professionnels/F36210.json +6 -342
- package/data/professionnels/F36211.json +6 -342
- package/data/professionnels/F36212.json +6 -342
- package/data/professionnels/F36215.json +6 -342
- package/data/professionnels/F36227.json +2 -2
- package/data/professionnels/F36232.json +9 -345
- package/data/professionnels/F36235.json +5 -341
- package/data/professionnels/F36237.json +5 -341
- package/data/professionnels/F36238.json +5 -341
- package/data/professionnels/F36239.json +5 -341
- package/data/professionnels/F36240.json +5 -341
- package/data/professionnels/F36244.json +4 -340
- package/data/professionnels/F36249.json +24 -490
- package/data/professionnels/F36250.json +98 -579
- package/data/professionnels/F36267.json +98 -579
- package/data/professionnels/F36317.json +1 -1
- package/data/professionnels/F36354.json +2 -2
- package/data/professionnels/F36405.json +1 -1
- package/data/professionnels/F36541.json +2 -2
- package/data/professionnels/F36607.json +108 -589
- package/data/professionnels/F36610.json +1 -1
- package/data/professionnels/F36611.json +3 -3
- package/data/professionnels/F36612.json +3 -3
- package/data/professionnels/F36613.json +3 -3
- package/data/professionnels/F36619.json +1 -1
- package/data/professionnels/F36620.json +1 -1
- package/data/professionnels/F36625.json +27 -493
- package/data/professionnels/F36653.json +106 -587
- package/data/professionnels/F36700.json +17 -4
- package/data/professionnels/F36703.json +1 -1
- package/data/professionnels/F36708.json +24 -490
- package/data/professionnels/F36714.json +25 -491
- package/data/professionnels/F36715.json +25 -491
- package/data/professionnels/F36717.json +25 -491
- package/data/professionnels/F36740.json +5 -5
- package/data/professionnels/F36746.json +1 -1
- package/data/professionnels/F36763.json +1 -1
- package/data/professionnels/F36845.json +1 -1
- package/data/professionnels/F36925.json +4 -340
- package/data/professionnels/F36954.json +102 -583
- package/data/professionnels/F37091.json +4 -4
- package/data/professionnels/F37353.json +26 -492
- package/data/professionnels/F37364.json +2 -2
- package/data/professionnels/F37365.json +2 -2
- package/data/professionnels/F37366.json +3849 -0
- package/data/professionnels/F37368.json +1 -1
- package/data/professionnels/F37369.json +1 -1
- package/data/professionnels/F37372.json +1 -1
- package/data/professionnels/F37373.json +1 -1
- package/data/professionnels/F37383.json +3425 -0
- package/data/professionnels/F37386.json +3993 -0
- package/data/professionnels/F37390.json +3599 -0
- package/data/professionnels/F37396.json +3532 -0
- package/data/professionnels/F37397.json +3708 -0
- package/data/professionnels/F37398.json +3293 -0
- package/data/professionnels/F37402.json +4253 -0
- package/data/professionnels/F37403.json +2 -2
- package/data/professionnels/F37404.json +1954 -0
- package/data/professionnels/F37408.json +2 -2
- package/data/professionnels/F37410.json +39 -0
- package/data/professionnels/F37411.json +4820 -0
- package/data/professionnels/F37412.json +3 -3
- package/data/professionnels/F37414.json +5 -5
- package/data/professionnels/F37434.json +121 -6
- package/data/professionnels/N14601.json +1 -1
- package/data/professionnels/N22284.json +2 -16
- package/data/professionnels/N22781.json +1 -74
- package/data/professionnels/N31379.json +2 -2
- package/data/professionnels/N31392.json +14 -1
- package/data/professionnels/N31901.json +13 -27
- package/data/professionnels/N31902.json +41 -7
- package/data/professionnels/N31903.json +122 -341
- package/data/professionnels/{R61362.json → N32112.json} +26 -87
- package/data/professionnels/{R32917.json → N32113.json} +123 -60
- package/data/professionnels/{R61368.json → N32114.json} +159 -79
- package/data/professionnels/{R19428.json → N32225.json} +145 -152
- package/data/professionnels/R10850.json +5 -5
- package/data/professionnels/R14113.json +34 -5
- package/data/professionnels/R14120.json +34 -5
- package/data/professionnels/R14668.json +30 -1
- package/data/professionnels/R17176.json +1 -1
- package/data/professionnels/R18323.json +32 -3
- package/data/professionnels/R18889.json +30 -1
- package/data/professionnels/R19133.json +34 -5
- package/data/professionnels/R19523.json +5 -34
- package/data/professionnels/R19525.json +34 -5
- package/data/professionnels/R19859.json +33 -4
- package/data/professionnels/R19866.json +5 -34
- package/data/professionnels/R20111.json +5 -34
- package/data/professionnels/R20462.json +42 -13
- package/data/professionnels/R21853.json +32 -3
- package/data/professionnels/R3120.json +1 -1
- package/data/professionnels/R31457.json +30 -1
- package/data/professionnels/R31806.json +64 -1
- package/data/professionnels/R36751.json +32 -3
- package/data/professionnels/R39692.json +10 -39
- package/data/professionnels/R39954.json +30 -1
- package/data/professionnels/R44934.json +34 -5
- package/data/professionnels/R55333.json +5 -5
- package/data/professionnels/R59398.json +35 -1
- package/data/professionnels/R60912.json +32 -3
- package/data/professionnels/R61360.json +32 -3
- package/data/professionnels/R61361.json +5 -5
- package/data/professionnels/R61365.json +5 -5
- package/data/professionnels/R61551.json +5 -5
- package/data/professionnels/R61572.json +86 -28
- package/data/professionnels/R63516.json +5 -5
- package/data/professionnels/R64252.json +50 -21
- package/data/professionnels/R64896.json +32 -3
- package/data/professionnels/R65116.json +9 -9
- package/data/professionnels/index.json +2349 -2339
- package/package.json +1 -1
- package/data/particuliers/R38700.json +0 -456
- package/data/professionnels/F36065.json +0 -17194
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|
|
490
455
|
]
|
|
491
|
-
}
|
|
456
|
+
}
|
|
457
|
+
]
|
|
458
|
+
},
|
|
459
|
+
{
|
|
460
|
+
"type": "element",
|
|
461
|
+
"name": "Texte",
|
|
462
|
+
"children": [
|
|
492
463
|
{
|
|
493
464
|
"type": "element",
|
|
494
|
-
"name": "
|
|
465
|
+
"name": "Chapitre",
|
|
495
466
|
"children": [
|
|
496
|
-
{
|
|
497
|
-
"type": "text",
|
|
498
|
-
"text": "Pour mettre en place le LBO, il faut "
|
|
499
|
-
},
|
|
500
467
|
{
|
|
501
468
|
"type": "element",
|
|
502
|
-
"name": "
|
|
469
|
+
"name": "Titre",
|
|
503
470
|
"children": [
|
|
504
471
|
{
|
|
505
|
-
"type": "
|
|
506
|
-
"
|
|
472
|
+
"type": "element",
|
|
473
|
+
"name": "Paragraphe",
|
|
474
|
+
"children": [
|
|
475
|
+
{
|
|
476
|
+
"type": "text",
|
|
477
|
+
"text": "Qu'est ce qu'un LBO ?"
|
|
478
|
+
}
|
|
479
|
+
]
|
|
507
480
|
}
|
|
508
481
|
]
|
|
509
482
|
},
|
|
510
|
-
{
|
|
511
|
-
"type": "text",
|
|
512
|
-
"text": " créer une "
|
|
513
|
-
},
|
|
514
483
|
{
|
|
515
484
|
"type": "element",
|
|
516
|
-
"name": "
|
|
485
|
+
"name": "Paragraphe",
|
|
517
486
|
"children": [
|
|
487
|
+
{
|
|
488
|
+
"type": "text",
|
|
489
|
+
"text": "Le "
|
|
490
|
+
},
|
|
491
|
+
{
|
|
492
|
+
"type": "element",
|
|
493
|
+
"name": "TermeEtranger",
|
|
494
|
+
"attributes": {
|
|
495
|
+
"langue": "en"
|
|
496
|
+
},
|
|
497
|
+
"children": [
|
|
498
|
+
{
|
|
499
|
+
"type": "text",
|
|
500
|
+
"text": "leveraged buy-out"
|
|
501
|
+
}
|
|
502
|
+
]
|
|
503
|
+
},
|
|
504
|
+
{
|
|
505
|
+
"type": "text",
|
|
506
|
+
"text": " (LBO) ou rachat avec effet de levier est un "
|
|
507
|
+
},
|
|
518
508
|
{
|
|
519
509
|
"type": "element",
|
|
520
510
|
"name": "MiseEnEvidence",
|
|
521
511
|
"children": [
|
|
522
512
|
{
|
|
523
|
-
"type": "
|
|
524
|
-
"
|
|
525
|
-
"children": [
|
|
526
|
-
{
|
|
527
|
-
"type": "text",
|
|
528
|
-
"text": "société"
|
|
529
|
-
}
|
|
530
|
-
]
|
|
513
|
+
"type": "text",
|
|
514
|
+
"text": "montage financier"
|
|
531
515
|
}
|
|
532
516
|
]
|
|
533
|
-
}
|
|
534
|
-
]
|
|
535
|
-
},
|
|
536
|
-
{
|
|
537
|
-
"type": "element",
|
|
538
|
-
"name": "LienIntra",
|
|
539
|
-
"attributes": {
|
|
540
|
-
"LienID": "R59171",
|
|
541
|
-
"type": "Définition de glossaire"
|
|
542
|
-
},
|
|
543
|
-
"children": [
|
|
517
|
+
},
|
|
544
518
|
{
|
|
545
519
|
"type": "text",
|
|
546
|
-
"text": "
|
|
520
|
+
"text": " permettant le "
|
|
521
|
+
},
|
|
522
|
+
{
|
|
523
|
+
"type": "element",
|
|
524
|
+
"name": "MiseEnEvidence",
|
|
525
|
+
"children": [
|
|
526
|
+
{
|
|
527
|
+
"type": "text",
|
|
528
|
+
"text": "rachat d'une entreprise en ayant recours à beaucoup d'endettement"
|
|
529
|
+
}
|
|
530
|
+
]
|
|
531
|
+
},
|
|
532
|
+
{
|
|
533
|
+
"type": "text",
|
|
534
|
+
"text": "."
|
|
547
535
|
}
|
|
548
536
|
]
|
|
549
|
-
},
|
|
550
|
-
{
|
|
551
|
-
"type": "text",
|
|
552
|
-
"text": "."
|
|
553
537
|
}
|
|
554
538
|
]
|
|
555
539
|
},
|
|
556
540
|
{
|
|
557
541
|
"type": "element",
|
|
558
|
-
"name": "
|
|
542
|
+
"name": "Chapitre",
|
|
559
543
|
"children": [
|
|
560
544
|
{
|
|
561
|
-
"type": "
|
|
562
|
-
"
|
|
563
|
-
|
|
564
|
-
|
|
565
|
-
|
|
566
|
-
|
|
567
|
-
|
|
568
|
-
|
|
569
|
-
|
|
570
|
-
|
|
571
|
-
|
|
572
|
-
|
|
573
|
-
|
|
574
|
-
|
|
575
|
-
},
|
|
576
|
-
{
|
|
577
|
-
"type": "element",
|
|
578
|
-
"name": "Paragraphe",
|
|
579
|
-
"children": [
|
|
580
|
-
{
|
|
581
|
-
"type": "text",
|
|
582
|
-
"text": "En général, les fonds empruntés correspondent en moyenne à "
|
|
545
|
+
"type": "element",
|
|
546
|
+
"name": "Titre",
|
|
547
|
+
"children": [
|
|
548
|
+
{
|
|
549
|
+
"type": "element",
|
|
550
|
+
"name": "Paragraphe",
|
|
551
|
+
"children": [
|
|
552
|
+
{
|
|
553
|
+
"type": "text",
|
|
554
|
+
"text": "Qui peut mettre en place un LBO ?"
|
|
555
|
+
}
|
|
556
|
+
]
|
|
557
|
+
}
|
|
558
|
+
]
|
|
583
559
|
},
|
|
584
560
|
{
|
|
585
561
|
"type": "element",
|
|
586
|
-
"name": "
|
|
562
|
+
"name": "Paragraphe",
|
|
587
563
|
"children": [
|
|
588
564
|
{
|
|
589
565
|
"type": "text",
|
|
590
|
-
"text": "
|
|
566
|
+
"text": "Un LBO est mis en place par ceux qui veulent acheter la société cible."
|
|
591
567
|
}
|
|
592
568
|
]
|
|
593
569
|
},
|
|
594
|
-
{
|
|
595
|
-
"type": "text",
|
|
596
|
-
"text": " de la mise initiale."
|
|
597
|
-
}
|
|
598
|
-
]
|
|
599
|
-
},
|
|
600
|
-
{
|
|
601
|
-
"type": "element",
|
|
602
|
-
"name": "Paragraphe",
|
|
603
|
-
"children": [
|
|
604
|
-
{
|
|
605
|
-
"type": "text",
|
|
606
|
-
"text": "Ces fonds sont souvent apportés par des banques classiques."
|
|
607
|
-
}
|
|
608
|
-
]
|
|
609
|
-
},
|
|
610
|
-
{
|
|
611
|
-
"type": "element",
|
|
612
|
-
"name": "Paragraphe",
|
|
613
|
-
"children": [
|
|
614
|
-
{
|
|
615
|
-
"type": "text",
|
|
616
|
-
"text": "Il existe "
|
|
617
|
-
},
|
|
618
570
|
{
|
|
619
571
|
"type": "element",
|
|
620
|
-
"name": "
|
|
572
|
+
"name": "Paragraphe",
|
|
621
573
|
"children": [
|
|
622
574
|
{
|
|
623
575
|
"type": "text",
|
|
624
|
-
"text": "
|
|
576
|
+
"text": "Selon la nature de l'acheteur, le LBO aura un nom différent :"
|
|
625
577
|
}
|
|
626
578
|
]
|
|
627
579
|
},
|
|
628
|
-
{
|
|
629
|
-
"type": "text",
|
|
630
|
-
"text": " :"
|
|
631
|
-
}
|
|
632
|
-
]
|
|
633
|
-
},
|
|
634
|
-
{
|
|
635
|
-
"type": "element",
|
|
636
|
-
"name": "Liste",
|
|
637
|
-
"attributes": {
|
|
638
|
-
"type": "puce"
|
|
639
|
-
},
|
|
640
|
-
"children": [
|
|
641
580
|
{
|
|
642
581
|
"type": "element",
|
|
643
|
-
"name": "
|
|
582
|
+
"name": "Liste",
|
|
583
|
+
"attributes": {
|
|
584
|
+
"type": "puce"
|
|
585
|
+
},
|
|
644
586
|
"children": [
|
|
645
587
|
{
|
|
646
588
|
"type": "element",
|
|
647
|
-
"name": "
|
|
589
|
+
"name": "Item",
|
|
648
590
|
"children": [
|
|
649
|
-
{
|
|
650
|
-
"type": "text",
|
|
651
|
-
"text": "Lorsque les repreneurs sont des cadres dirigeants de l'entreprise rachetée, on parle de "
|
|
652
|
-
},
|
|
653
591
|
{
|
|
654
592
|
"type": "element",
|
|
655
|
-
"name": "
|
|
656
|
-
"attributes": {
|
|
657
|
-
"langue": "en"
|
|
658
|
-
},
|
|
593
|
+
"name": "Paragraphe",
|
|
659
594
|
"children": [
|
|
660
595
|
{
|
|
661
596
|
"type": "text",
|
|
662
|
-
"text": "
|
|
597
|
+
"text": "Lorsque les repreneurs sont des cadres dirigeants de l'entreprise rachetée, on parle de "
|
|
598
|
+
},
|
|
599
|
+
{
|
|
600
|
+
"type": "element",
|
|
601
|
+
"name": "TermeEtranger",
|
|
602
|
+
"attributes": {
|
|
603
|
+
"langue": "en"
|
|
604
|
+
},
|
|
605
|
+
"children": [
|
|
606
|
+
{
|
|
607
|
+
"type": "text",
|
|
608
|
+
"text": "Leveraged Management buy-out"
|
|
609
|
+
}
|
|
610
|
+
]
|
|
611
|
+
},
|
|
612
|
+
{
|
|
613
|
+
"type": "text",
|
|
614
|
+
"text": " (LMBO)."
|
|
663
615
|
}
|
|
664
616
|
]
|
|
665
|
-
},
|
|
666
|
-
{
|
|
667
|
-
"type": "text",
|
|
668
|
-
"text": " (LMBO)."
|
|
669
617
|
}
|
|
670
618
|
]
|
|
671
|
-
}
|
|
672
|
-
]
|
|
673
|
-
},
|
|
674
|
-
{
|
|
675
|
-
"type": "element",
|
|
676
|
-
"name": "Item",
|
|
677
|
-
"children": [
|
|
619
|
+
},
|
|
678
620
|
{
|
|
679
621
|
"type": "element",
|
|
680
|
-
"name": "
|
|
622
|
+
"name": "Item",
|
|
681
623
|
"children": [
|
|
682
|
-
{
|
|
683
|
-
"type": "text",
|
|
684
|
-
"text": "Lorsque les repreneurs (investisseurs) proviennent uniquement de l'extérieur, on parle de "
|
|
685
|
-
},
|
|
686
624
|
{
|
|
687
625
|
"type": "element",
|
|
688
|
-
"name": "
|
|
689
|
-
"attributes": {
|
|
690
|
-
"langue": "en"
|
|
691
|
-
},
|
|
626
|
+
"name": "Paragraphe",
|
|
692
627
|
"children": [
|
|
693
628
|
{
|
|
694
629
|
"type": "text",
|
|
695
|
-
"text": "
|
|
630
|
+
"text": "Lorsque les repreneurs (investisseurs) proviennent uniquement de l'extérieur, on parle de "
|
|
631
|
+
},
|
|
632
|
+
{
|
|
633
|
+
"type": "element",
|
|
634
|
+
"name": "TermeEtranger",
|
|
635
|
+
"attributes": {
|
|
636
|
+
"langue": "en"
|
|
637
|
+
},
|
|
638
|
+
"children": [
|
|
639
|
+
{
|
|
640
|
+
"type": "text",
|
|
641
|
+
"text": "Leveraged Buy-In"
|
|
642
|
+
}
|
|
643
|
+
]
|
|
644
|
+
},
|
|
645
|
+
{
|
|
646
|
+
"type": "text",
|
|
647
|
+
"text": " (LBI)"
|
|
696
648
|
}
|
|
697
649
|
]
|
|
698
|
-
},
|
|
699
|
-
{
|
|
700
|
-
"type": "text",
|
|
701
|
-
"text": " (LBI)"
|
|
702
650
|
}
|
|
703
651
|
]
|
|
704
|
-
}
|
|
705
|
-
]
|
|
706
|
-
},
|
|
707
|
-
{
|
|
708
|
-
"type": "element",
|
|
709
|
-
"name": "Item",
|
|
710
|
-
"children": [
|
|
652
|
+
},
|
|
711
653
|
{
|
|
712
654
|
"type": "element",
|
|
713
|
-
"name": "
|
|
655
|
+
"name": "Item",
|
|
714
656
|
"children": [
|
|
715
|
-
{
|
|
716
|
-
"type": "text",
|
|
717
|
-
"text": "Lorsque les acheteurs sont à la fois des investisseurs extérieurs et des cadres internes à l'entreprise rachetée, on parle de "
|
|
718
|
-
},
|
|
719
657
|
{
|
|
720
658
|
"type": "element",
|
|
721
|
-
"name": "
|
|
722
|
-
"attributes": {
|
|
723
|
-
"langue": "en"
|
|
724
|
-
},
|
|
659
|
+
"name": "Paragraphe",
|
|
725
660
|
"children": [
|
|
726
661
|
{
|
|
727
662
|
"type": "text",
|
|
728
|
-
"text": "
|
|
663
|
+
"text": "Lorsque les acheteurs sont à la fois des investisseurs extérieurs et des cadres internes à l'entreprise rachetée, on parle de "
|
|
664
|
+
},
|
|
665
|
+
{
|
|
666
|
+
"type": "element",
|
|
667
|
+
"name": "TermeEtranger",
|
|
668
|
+
"attributes": {
|
|
669
|
+
"langue": "en"
|
|
670
|
+
},
|
|
671
|
+
"children": [
|
|
672
|
+
{
|
|
673
|
+
"type": "text",
|
|
674
|
+
"text": "Buy-In Management Buy-Out"
|
|
675
|
+
}
|
|
676
|
+
]
|
|
677
|
+
},
|
|
678
|
+
{
|
|
679
|
+
"type": "text",
|
|
680
|
+
"text": " (BIMBO)"
|
|
729
681
|
}
|
|
730
682
|
]
|
|
731
|
-
}
|
|
683
|
+
}
|
|
684
|
+
]
|
|
685
|
+
},
|
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686
|
+
{
|
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687
|
+
"type": "element",
|
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688
|
+
"name": "Item",
|
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689
|
+
"children": [
|
|
732
690
|
{
|
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733
|
-
"type": "
|
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734
|
-
"
|
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691
|
+
"type": "element",
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|
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"name": "Paragraphe",
|
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693
|
+
"children": [
|
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694
|
+
{
|
|
695
|
+
"type": "text",
|
|
696
|
+
"text": "Lorsque les actionnaires veulent à terme fusionner l'entreprise avec une autre, on parle de "
|
|
697
|
+
},
|
|
698
|
+
{
|
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699
|
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"type": "element",
|
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700
|
+
"name": "TermeEtranger",
|
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701
|
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"attributes": {
|
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702
|
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"langue": "en"
|
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703
|
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},
|
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704
|
+
"children": [
|
|
705
|
+
{
|
|
706
|
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"type": "text",
|
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707
|
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"text": "Leveraged Build-Up"
|
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708
|
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}
|
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709
|
+
]
|
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710
|
+
},
|
|
711
|
+
{
|
|
712
|
+
"type": "text",
|
|
713
|
+
"text": " (LBU)"
|
|
714
|
+
}
|
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715
|
+
]
|
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735
716
|
}
|
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736
717
|
]
|
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737
|
-
}
|
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738
|
-
]
|
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739
|
-
},
|
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740
|
-
{
|
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741
|
-
"type": "element",
|
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742
|
-
"name": "Item",
|
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743
|
-
"children": [
|
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718
|
+
},
|
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744
719
|
{
|
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745
720
|
"type": "element",
|
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746
|
-
"name": "
|
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721
|
+
"name": "Item",
|
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747
722
|
"children": [
|
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748
723
|
{
|
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749
|
-
"type": "
|
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750
|
-
"
|
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751
|
-
|
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724
|
+
"type": "element",
|
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725
|
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"name": "Paragraphe",
|
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726
|
+
"children": [
|
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727
|
+
{
|
|
728
|
+
"type": "text",
|
|
729
|
+
"text": "Lorsque les acheteurs sont des investisseurs extérieurs et qu'ils apportent une nouvelle équipe de management, on parle de "
|
|
730
|
+
},
|
|
731
|
+
{
|
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732
|
+
"type": "element",
|
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733
|
+
"name": "TermeEtranger",
|
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734
|
+
"attributes": {
|
|
735
|
+
"langue": "en"
|
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736
|
+
},
|
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737
|
+
"children": [
|
|
738
|
+
{
|
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739
|
+
"type": "text",
|
|
740
|
+
"text": "Leveraged Management Buy-In"
|
|
741
|
+
}
|
|
742
|
+
]
|
|
743
|
+
},
|
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744
|
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{
|
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745
|
+
"type": "text",
|
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746
|
+
"text": " (LMBI)"
|
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747
|
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}
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748
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+
]
|
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749
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+
}
|
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750
|
+
]
|
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751
|
+
},
|
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752
|
+
{
|
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|
+
"type": "element",
|
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754
|
+
"name": "Item",
|
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755
|
+
"children": [
|
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756
|
{
|
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|
"type": "element",
|
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754
|
-
"name": "
|
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755
|
-
"attributes": {
|
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756
|
-
"langue": "en"
|
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757
|
-
},
|
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"name": "Paragraphe",
|
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759
|
"children": [
|
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760
|
{
|
|
760
761
|
"type": "text",
|
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761
|
-
"text": "
|
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762
|
+
"text": "Lorsque le propriétaire de la société est lui même acheteur, on parle de "
|
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763
|
+
},
|
|
764
|
+
{
|
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765
|
+
"type": "element",
|
|
766
|
+
"name": "TermeEtranger",
|
|
767
|
+
"attributes": {
|
|
768
|
+
"langue": "en"
|
|
769
|
+
},
|
|
770
|
+
"children": [
|
|
771
|
+
{
|
|
772
|
+
"type": "text",
|
|
773
|
+
"text": "Owner Buy-Out"
|
|
774
|
+
}
|
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775
|
+
]
|
|
776
|
+
},
|
|
777
|
+
{
|
|
778
|
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"type": "text",
|
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779
|
+
"text": " (OBO)"
|
|
762
780
|
}
|
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763
781
|
]
|
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764
|
-
}
|
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782
|
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}
|
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|
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]
|
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784
|
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}
|
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785
|
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]
|
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786
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}
|
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]
|
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788
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},
|
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789
|
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{
|
|
790
|
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"type": "element",
|
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791
|
+
"name": "Chapitre",
|
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|
+
"children": [
|
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|
+
{
|
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|
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"type": "element",
|
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795
|
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"name": "Titre",
|
|
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|
+
"children": [
|
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|
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{
|
|
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|
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"type": "element",
|
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|
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"name": "Paragraphe",
|
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|
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"children": [
|
|
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801
|
{
|
|
766
802
|
"type": "text",
|
|
767
|
-
"text": "
|
|
803
|
+
"text": "Comment mettre en place un LBO ?"
|
|
768
804
|
}
|
|
769
805
|
]
|
|
770
806
|
}
|
|
@@ -772,140 +808,160 @@
|
|
|
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808
|
},
|
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|
{
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|
"type": "element",
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|
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"name": "
|
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|
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"name": "Paragraphe",
|
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812
|
"children": [
|
|
813
|
+
{
|
|
814
|
+
"type": "text",
|
|
815
|
+
"text": "Pour mettre en place un LBO, il faut "
|
|
816
|
+
},
|
|
777
817
|
{
|
|
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|
"type": "element",
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|
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"name": "
|
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|
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"name": "MiseEnEvidence",
|
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820
|
"children": [
|
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821
|
{
|
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782
822
|
"type": "text",
|
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783
|
-
"text": "
|
|
823
|
+
"text": "dans un premier temps"
|
|
824
|
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}
|
|
825
|
+
]
|
|
826
|
+
},
|
|
827
|
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{
|
|
828
|
+
"type": "text",
|
|
829
|
+
"text": " créer une "
|
|
830
|
+
},
|
|
831
|
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{
|
|
832
|
+
"type": "element",
|
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833
|
+
"name": "MiseEnEvidence",
|
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834
|
+
"children": [
|
|
835
|
+
{
|
|
836
|
+
"type": "text",
|
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837
|
+
"text": "société "
|
|
784
838
|
},
|
|
785
839
|
{
|
|
786
840
|
"type": "element",
|
|
787
|
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"name": "
|
|
841
|
+
"name": "LienIntra",
|
|
788
842
|
"attributes": {
|
|
789
|
-
"
|
|
843
|
+
"LienID": "R59171",
|
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844
|
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"type": "Définition de glossaire"
|
|
790
845
|
},
|
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846
|
"children": [
|
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847
|
{
|
|
793
848
|
"type": "text",
|
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794
|
-
"text": "
|
|
849
|
+
"text": "holding"
|
|
795
850
|
}
|
|
796
851
|
]
|
|
797
|
-
}
|
|
852
|
+
}
|
|
853
|
+
]
|
|
854
|
+
},
|
|
855
|
+
{
|
|
856
|
+
"type": "text",
|
|
857
|
+
"text": "."
|
|
858
|
+
}
|
|
859
|
+
]
|
|
860
|
+
},
|
|
861
|
+
{
|
|
862
|
+
"type": "element",
|
|
863
|
+
"name": "Paragraphe",
|
|
864
|
+
"children": [
|
|
865
|
+
{
|
|
866
|
+
"type": "text",
|
|
867
|
+
"text": "Elle aura pour rôle de s'endetter pour acheter une société cible."
|
|
868
|
+
}
|
|
869
|
+
]
|
|
870
|
+
},
|
|
871
|
+
{
|
|
872
|
+
"type": "element",
|
|
873
|
+
"name": "Paragraphe",
|
|
874
|
+
"children": [
|
|
875
|
+
{
|
|
876
|
+
"type": "text",
|
|
877
|
+
"text": "Le reste des fonds provient généralement de fonds spécialisés en capital-risque (banques, assurances, etc.). Les fonds empruntés correspondent en moyenne à "
|
|
878
|
+
},
|
|
879
|
+
{
|
|
880
|
+
"type": "element",
|
|
881
|
+
"name": "Valeur",
|
|
882
|
+
"children": [
|
|
798
883
|
{
|
|
799
884
|
"type": "text",
|
|
800
|
-
"text": "
|
|
885
|
+
"text": "70 %"
|
|
801
886
|
}
|
|
802
887
|
]
|
|
888
|
+
},
|
|
889
|
+
{
|
|
890
|
+
"type": "text",
|
|
891
|
+
"text": " de la mise initiale. Ces fonds sont souvent apportés par des banques classiques."
|
|
803
892
|
}
|
|
804
893
|
]
|
|
805
894
|
},
|
|
806
895
|
{
|
|
807
896
|
"type": "element",
|
|
808
|
-
"name": "
|
|
897
|
+
"name": "Paragraphe",
|
|
809
898
|
"children": [
|
|
899
|
+
{
|
|
900
|
+
"type": "text",
|
|
901
|
+
"text": "Dans tous les cas, les repreneurs "
|
|
902
|
+
},
|
|
810
903
|
{
|
|
811
904
|
"type": "element",
|
|
812
|
-
"name": "
|
|
905
|
+
"name": "MiseEnEvidence",
|
|
813
906
|
"children": [
|
|
814
907
|
{
|
|
815
908
|
"type": "text",
|
|
816
|
-
"text": "
|
|
817
|
-
}
|
|
818
|
-
|
|
819
|
-
|
|
820
|
-
|
|
821
|
-
|
|
822
|
-
|
|
823
|
-
|
|
824
|
-
|
|
825
|
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|
|
826
|
-
|
|
827
|
-
|
|
828
|
-
|
|
829
|
-
|
|
830
|
-
|
|
909
|
+
"text": "deviennent actionnaires majoritaires"
|
|
910
|
+
}
|
|
911
|
+
]
|
|
912
|
+
},
|
|
913
|
+
{
|
|
914
|
+
"type": "text",
|
|
915
|
+
"text": " de la société rachetée. Celle-ci doit rembourser l'emprunt en reversant des dividendes à la holding. On dit que la société holding récupère le "
|
|
916
|
+
},
|
|
917
|
+
{
|
|
918
|
+
"type": "element",
|
|
919
|
+
"name": "TermeEtranger",
|
|
920
|
+
"attributes": {
|
|
921
|
+
"langue": "en"
|
|
922
|
+
},
|
|
923
|
+
"children": [
|
|
831
924
|
{
|
|
832
925
|
"type": "text",
|
|
833
|
-
"text": "
|
|
926
|
+
"text": "cash flow"
|
|
834
927
|
}
|
|
835
928
|
]
|
|
929
|
+
},
|
|
930
|
+
{
|
|
931
|
+
"type": "text",
|
|
932
|
+
"text": "."
|
|
836
933
|
}
|
|
837
934
|
]
|
|
838
|
-
}
|
|
839
|
-
]
|
|
840
|
-
},
|
|
841
|
-
{
|
|
842
|
-
"type": "element",
|
|
843
|
-
"name": "Paragraphe",
|
|
844
|
-
"children": [
|
|
845
|
-
{
|
|
846
|
-
"type": "text",
|
|
847
|
-
"text": "Dans tous les cas, "
|
|
848
935
|
},
|
|
849
936
|
{
|
|
850
937
|
"type": "element",
|
|
851
|
-
"name": "
|
|
938
|
+
"name": "Paragraphe",
|
|
852
939
|
"children": [
|
|
853
940
|
{
|
|
854
941
|
"type": "text",
|
|
855
|
-
"text": "
|
|
942
|
+
"text": "La plupart du temps, la société holding et la société cible fusionnent à la fin du remboursement de l'emprunt."
|
|
856
943
|
}
|
|
857
944
|
]
|
|
858
945
|
},
|
|
859
|
-
{
|
|
860
|
-
"type": "text",
|
|
861
|
-
"text": ". Celle-ci doit rembourser l'emprunt en reversant des dividendes à la holding. On dit que la société holding récupère le "
|
|
862
|
-
},
|
|
863
946
|
{
|
|
864
947
|
"type": "element",
|
|
865
|
-
"name": "
|
|
866
|
-
"attributes": {
|
|
867
|
-
"langue": "en"
|
|
868
|
-
},
|
|
948
|
+
"name": "Paragraphe",
|
|
869
949
|
"children": [
|
|
870
950
|
{
|
|
871
951
|
"type": "text",
|
|
872
|
-
"text": "
|
|
952
|
+
"text": "Il est aussi possible de fusionner pendant le remboursement."
|
|
873
953
|
}
|
|
874
954
|
]
|
|
875
955
|
},
|
|
876
956
|
{
|
|
877
|
-
"type": "
|
|
878
|
-
"
|
|
879
|
-
|
|
880
|
-
|
|
881
|
-
|
|
882
|
-
|
|
883
|
-
|
|
884
|
-
|
|
885
|
-
"children": [
|
|
886
|
-
{
|
|
887
|
-
"type": "text",
|
|
888
|
-
"text": "La plupart du temps, la société holding et la société cible fusionnent à la fin du remboursement de l'emprunt."
|
|
889
|
-
}
|
|
890
|
-
]
|
|
891
|
-
},
|
|
892
|
-
{
|
|
893
|
-
"type": "element",
|
|
894
|
-
"name": "Paragraphe",
|
|
895
|
-
"children": [
|
|
896
|
-
{
|
|
897
|
-
"type": "text",
|
|
898
|
-
"text": "Il est aussi possible de fusionner pendant le remboursement."
|
|
899
|
-
}
|
|
900
|
-
]
|
|
901
|
-
},
|
|
902
|
-
{
|
|
903
|
-
"type": "element",
|
|
904
|
-
"name": "Paragraphe",
|
|
905
|
-
"children": [
|
|
906
|
-
{
|
|
907
|
-
"type": "text",
|
|
908
|
-
"text": "Cette fusion permet à la société de déduire la charge de l'emprunt de ses résultats sans avoir à faire une distribution de dividendes."
|
|
957
|
+
"type": "element",
|
|
958
|
+
"name": "Paragraphe",
|
|
959
|
+
"children": [
|
|
960
|
+
{
|
|
961
|
+
"type": "text",
|
|
962
|
+
"text": "Cette fusion permet à la société de déduire la charge de l'emprunt de ses résultats sans avoir à faire une distribution de dividendes."
|
|
963
|
+
}
|
|
964
|
+
]
|
|
909
965
|
}
|
|
910
966
|
]
|
|
911
967
|
}
|