Clifford Chance advised Verlinvest on the deal, while Kirkland & Ellis advised BC Partners.
Verlinvest, the Belgian investment group and former reference shareholder of Valtech, a global leader in digital services and business transformation, was involved in Valtech’s new investment from funds advised by BC Partners (“BC Partners”). Verlinvest and new Valtech management will also reinvest into the company. The transaction values Valtech at $1.4 billion and is subject to receipt of customary regulatory approvals.
Valtech employs more than 4,000 innovators, design thinkers, marketers, creatives and software engineers spanning five continents with 50+ offices in 18 countries. Valtech is growing rapidly, will deliver 30% revenue growth in 2021 and has sustaining strong annual revenue growth of 17% CAGR for the last ten years.
Established in 1986, BC Partners is a leading international investment firm with over €33 billion of assets under management in private equity, private credit and real estate strategies.
The Clifford Chance M&A team advising on the deal was led by Brussels-based corporate partner Niek De Pauw (Picture), along with corporate partners Katia Gauzès (Luxembourg) and Graham Phillips (London). They were assisted by associates Arthur Barbé, Gillis Waelkens, Frédérique Davister, Arvine Nooralian and Daniel Mutisya. Brussels-based tax partner Alexandre Ooms and senior associate Pierre-Olivier Van Caubergh provided tax advice, while Brussels-based partner Anastasios Tomtsis assisted by Panagiota Ilia Kourneta and Aleksander Tombinski advised on antitrust aspects. The transaction also involved the firm’s Paris office.
The international Kirkland team was led by London corporate partners Tom Bartram and David Higgins with associates Victoria Legg and Rebecca Pearce in London, Sebastian Häfele and Tamara Zehentbauer in Munich, Adarsh Varghese and Keli Huang in New York and Sitraka St. Michael in Boston. The team included debt finance partner Neel Sachdev and associates Kanesh Balasubramaniam and Marco Bagnato, tax partner Alan Walker and associate Anthony Antioch, antitrust partner Matthew Sinclair-Thomson and associate Shahrzad Sadjadi in London.
Involved fees earner: Frédérique Davister – Clifford Chance; Niek De Pauw – Clifford Chance; Katia Gauzès – Clifford Chance; Panagiota Ilia Kourneta – Clifford Chance; Daniel Mutisya – Clifford Chance; Arvine Nooralian – Clifford Chance; Alexandre Ooms – Clifford Chance; Graham Phillips – Clifford Chance; Aleksander Tombinski – Clifford Chance; Anastasios Tomtsis – Clifford Chance; Pierre-Olivier van Caubergh – Clifford Chance; Gillis Waelkens – Clifford Chance; Anthony Antioch – Kirkland & Ellis; Marco Bagnato – Kirkland & Ellis; Kanesh Balasubramaniam – Kirkland & Ellis; Tom Bartram – Kirkland & Ellis; Sebastian Häfele – Kirkland & Ellis; David Higgins – Kirkland & Ellis; Keli Huang – Kirkland & Ellis; Victoria Legg – Kirkland & Ellis; Rebecca Pearce – Kirkland & Ellis; Neel Sachdev – Kirkland & Ellis; Shahrzad Sadjadi – Kirkland & Ellis; Matthew Sinclair-Thomson – Kirkland & Ellis; Sitraka St. Michael – Kirkland & Ellis; Adarsh Varghese – Kirkland & Ellis; Alan Walker – Kirkland & Ellis; Tamara Zehentbauer – Kirkland & Ellis;