Linklaters advises Groupe Bruxelles Lambert on Webhelp acquisition – company valued at €2.4bn

Acquisition is the largest LBO in France this year

Linklaters team led by Linklaters’ Paris Corporate practice

Linklaters is advising Groupe Bruxelles Lambert, the Belgium-based investment holding company, on its acquisition of a majority stake in Webhelp, one of the world's leading providers of customer experience and business process outsourcing. The deal values the company, headquartered in Paris, at €2.4bn (enterprise value) making the acquisition both the largest LBO transaction in France this year and the first for Groupe Bruxelles Lambert. The deal also marks the latest in a series of high profile private equity mandates the Linklaters’ Paris team has led on over recent months, including:

  • PAI Partners on the €1.54bn acquisition of Areas, a global leader in the travel and catering market with operations across 13 countries, from Elior Group. This deal is one of the largest primary LBOs in the form of a carve-out, announced in the French market so far this year
  • CVC Capital Partners on its public offer for the entire share capital of April SA, an insurance company listed in Paris, for a total acquisition price of €890m. This is the first public offer announced since the decrease in the mandatory squeeze-out threshold of the share capital and voting rights from 95% to 90%
  • Mirova (an affiliate of Natixis Investment Managers, now called Vauban Infrastructure Partners) on the acquisition alongside MEAG of a 50% stake in Indigo Group, the world leading car parking and individual mobility group from ARDIAN Infrastructure
  • Apax Partners on the €800m sale of INSEEC U., a group of management and business schools with operations in France, Europe, the USA and China, to Cinven
  • CVC Capital Partners on the sale of its 49.9% stake in Delachaux Group to CDPQ on the basis of an enterprise value of €1.5bn The financial sponsors team at Linklaters regularly advises on the largest and most complex deals in the market. Since 2012 it has advised on more than 300 European buyouts with a combined value of $200bn+. The team provide clients with a full-service offering and significant geographical reach, routinely advising top-tier sponsors on every entry and exit point of a deal and seamlessly bringing together international teams of best in class sector experts.