Global law firm White & Case LLP has advised SPIE on the sale of SPIE UK to Imtech, a technical services group jointly owned by Dalkia and EDF Energy.
Listed on the regulated market of Euronext Paris, SPIE is an independent European provider of multi-technical services in the areas of energy and communications. SPIE UK has approximately 1,800 employees and generated approximately £200 million in revenue in 2021. The closing of the transaction is expected before the end of 2022, subject to the fulfillment of customary regulatory approvals.
White & Case also advised SPIE on the sustainability-linked refinancing of its €1.2 billion syndicated loan. The margin incentive mechanism is based on four ESG KPIs set out by the group in its 2025 ESG targets: direct GHG emissions, suppliers' GHG emissions, green share of revenue (Taxonomy) and gender diversity. In the process of the refinancing, SPIE also completed a Sustainability-Linked Financing Framework to embed its ESG strategy and commitments in its future refinancings.
White & Case previously advised SPIE on the sale of SPIE UK's mobile maintenance activities in 2020.
The White & Case team which advised on the transactions was led by partners Thomas Le Vert, Jean Paszkudzki, Samir Berlat (all Paris), David Lewis and Mark Richardson (both London) and included partners Alexandre Jaurett (Paris), Philip Trillmich (London, Frankfurt), Lindsey Canning, Marc Israel, Helen Joseph, John Timmons, Anneka Randhawa, Will Smith (all London) and Sara Nordin (Brussels, Stockholm) and associates Paul-Grégoire Longrois, Yasmine Sefraoui, Phillippine Chinaud (all Paris), Omar Anwar, Zack Trumper, Nick Falconer, Amy Detheridge, Alexis Nicholas, Vishnu Rege, Joao Lacerda, Kate Kelliher, Luc Rosenberg, Shehnai Arora, Thomas Harper, Yannis Lagdani, Matt Ross, Prisca Victoria Wharton (all London) and Julia Marssola (Brussels).
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