Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
31 March 2023
Deals | France | M&A
Gide is advising Groupe Bruxelles Lambert ("GBL"), a leading European listed investment firm, in connection with the negociations of a business combination of Webhelp, 61.5% owned by GBL, and US-based group Concentrix, listed on Nasdaq (the "Transaction") creating a prominent global player in customer experience ("CX"). The Transaction values Webhelp at approximately US$4.8 billion (including net debt).
GBL, as the majority shareholder of Webhelp, has supported this Transaction alongside Webhelp’s co-founders, Olivier Duha and Frédéric Jousset, and management.
Upon consummation of the Transaction1, paid partially in cash (part of which deferred) and partially in Concentrix shares, GBL would become the largest shareholder of the combined group and would be represented on its Board of Directors.
This Transaction is in line with the strategy GBL initiated in 2019 to invest in solid, fast-growing private platforms well positioned to participate in sector consolidation and attain leadership.
The Gide team is composed of Olivier Diaz and Agathe Delalande for the M&A aspects and Magali Buchert and Charles Ghuysen for tax matters.
GBL is advised internally by Priscilla Maters, Corporate Secretary and General Counsel, and by Kirkland & Ellis for the U.S. law aspects. Latham & Watkins advises Webhelp.
1Subject to (i) approval from Concentrix shareholders, (ii) approval from regulatory and antitrust authorities and (iii) completion of customary works council consultations
