Herbert Smith Freehills is advising Altran Technologies, a world leading provider of Engineering and R&D services, with a portfolio of high-profile clients, extensive sector expertise and in-depth understanding of industrial business processes and operational technologies, on the sale to Capgemini, a world leader in consulting, IT services and digital transformation.
Capgemini and Altran Technologies have entered into exclusive negotiations in connection with the proposed acquisition of Altran Technologies by Capgemini, through a friendly takeover bid for a price of €14 (ex-2018 dividend of €0.24) per share. The proposed transaction has been unanimously recommended and approved by the Boards of Directors of Capgemini and Altran Technologies. In addition, Capgemini has signed a definitive agreement to acquire an 11%-stake in Altran Technologies from a group of shareholders led by Apax Partners.
The transaction values Altran Technologies at approximately €5 billion (enterprise value).
Completion of this combination is expected by the end of 2019.
Herbert Smith Freehills advises Altran Technologies with a team led by partner Hubert Segain, head of the Paris office corporate team. He was assisted by associates Camille Lartigue, Alexandre de Chezelles and Jean Rollin for corporate matters. Partner Sergio Sorinas led the antitrust team, assisted by Of Counsel Marie Louvet and associate Agathe Esch. Partner Sophie Brezin was in charge of the labour law aspects of the deal, assisted by associate Elisabeth Debrégéas. Partner Bruno Knadjian and associate Romain Martinez were in charge of tax aspects. Jonathan Cross, US Of Counsel, assisted on the US aspects of the deal.