Glory Group’s Acquisition of a majoirity stake in Acrelec

Goodwin Procter assisted the shareholders of Acrelec Group SAS on its acquisition of a major equity stake in Glory Global Solutions, a wholly-owned subsidiary of the Japanese group Glory, recognized as a world leader in cash management technologies and solutions.

The equity participation by Glory Acrelec is subject to prior review by Acrelec’s employee representatives and relevant antitrust authorities. Acrelec’s teams, plants and offices in France and abroad will continue to operate and remain unchanged.

As a key player in the field of interactive self-service solutions for the fast-food and retail sectors, Acrelec supports its customers throughout the transformation processes and advises clients on both digitization of their stores and automation of all their connected activities. The company is based in Saint-Thibault-des-Vignes, France, and operates in 14 countries. Its customers include major international brands such as McDonald’s, Burger King, KFC, Walmart, Carrefour and Auchan. To date, it has installed more than 40,000 of its systems in over 70 countries.

The Goodwin team was led by Thomas Maitrejean (Picture), Simon Servan-Schreiber and Sarah Paquay (Private Equity) and Charles-Henri de Gouvion Saint-Cyr (Tax) and included London’s Katie Leah and Tessa Agar (Tax).

Involved fees earner: Tessa Agar – Goodwin Procter; Charles-Henri de Gouvion Saint Cyr – Goodwin Procter; Katie Leah – Goodwin Procter; Thomas Maitrejean – Goodwin Procter; Sarah Paquay – Goodwin Procter; Simon Servan-Schreiber – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Acrelec;

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