Case Studies

22 July 2022 - Corporate

Primary LBO of a group of companies

At the request of a leading French group in the human resources consulting market, we supported the historical founding partners and more generally the group in its LBO process.  

Case detail

The founding and historical partners had the project of carrying out a capital reorganization of the group's holding company through an LBO operation with the entry of an investment fund becoming the majority and the reinvestment of the said founding partners and some of the key managers.

Our intervention 

We have assisted our clients since the signing of confidentiality agreements with various investment funds candidates for the LBO operation, organized the data rooms, negotiated the letters of intent delivered, negotiated and drafted, with the advice of the selected candidate, all the contractual documentation.  

The challenge

This was a significant LBO transaction, which was carried out within a very tight schedule, with a competitive process and the intervention of several local firms in different areas of activity (Private Equity, Financing, Competition, Tax). In addition, the existence of different groups of shareholders (historical partners, key managers and managers and investment funds) with sometimes divergent interests, has made the negotiation more complex.