Global Law Firm White & Case LLP has advised Cobepa, a Belgian investment company, on its acquisition of Group Socotec from Qualium Investissement. Cobepa has acquired a majority stake in Socotec alongside private equity fund Five Arrows Principal Investments and a group of Socotec employees and management members.
This is the first large-scale Leveraged Buy Out (LBO) in France of 2013 and the second LBO of the group Socotec, a global provider of risk management and performance enhancement in the fields of quality, security, health and environment, with a workforce of 5,000 people. The first buyout, by Qualium Investissement, took place in 2008.
White & Case LLP’s team was led by Paris partners François Leloup, Norbert Majerholc, Denise Diallo and Alexandre Jaurett, and included counsel Juliette Goyer, and associates Stéphane Petrossian, Agnès Tauzin, Sophie Nguyen, Marcus Schmidbauer, Stanislas Curien, and Marie-Alix Charvin. The Brussels-based team was led by partners Thierry Bosly and Muriel Alhadeff, and supported by Diane Verhaegen, Anne-Sophie De Clerq, Florence Renard, Benoit Corbisier de Méaulsart and Jérémie Jourdan, associates.
White & Case had represented Cobepa on several transactions in recent years, including its acquisition of SGG, its entry in the Bank Degroos’s capital, and its investment in International SOS.
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