Linklaters has advised AKKA Technologies on the deal while Eubelius and Sullivan & Cromwell LLP assisted the Adecco Group.
AKKA Technologies (‘AKKA’), a company listed on Euronext Paris and Euronext Brussels, combined with the Adecco Group (‘Adecco’), the Swiss staffing giant, creating the world’s largest provider of temporary staffing by revenue.
As a first step, Adecco will acquire the controlling stakes of the Ricci family and CNP. Subsequently, a mandatory tender offer will be launched for the remaining shares expected to end of Q1 2022, subject to relevant approvals being obtained.
In this landmark transaction, Adecco will combine AKKA with Modis, its science and IT staffing business, to create the second largest player in the global engineering R&D market, with a combined workforce of 50,000 engineering and digital experts.
As a global leader in engineering consulting and R&D services, AKKA supports the world’s leading industry players in their digital transformation and throughout their entire product life cycle.
The Linklaters cross-practice team included David Ballegeer (Picture), Partner, Arnaud Coibion, Partner, Thierry L’Homme, Senior Counsel, and Alexandre de Selys, Managing Associate, from the Brussels Corporate and Finance Practice. In addition, Annamaria Mangiaracina, Partner, and Neil Hoolihan, Counsel from the Antitrust & Foreign Investment Group, also advised on the transaction.
The Eubelius team, led by Marieke Wyckaert and Joris De Wolf, and including Anouk Kerkhofs and Christophe Janssens, assisted the Adecco Group with all Belgian aspects of the transaction.
Sullivan & Cromwell LLP assisted the Adecco Group in the global transaction.
Involved fees earner: Joris De Wolf – Eubelius; Christophe Janssens – Eubelius; Anouk Kerkhofs – Eubelius; Marieke Wyckaert – Eubelius; Annamaria Mangiaracina – Linklaters; David Ballegeer – Linklaters; Arnaud Coibion – Linklaters; Alexandre de Selys – Linklaters; Neil Hoolihan – Linklaters; Thierry L’Homme – Linklaters;