Global law firm White & Case LLP has advised SPIE, a leading European multi-technical services company, on the financing of the acquisition of SAG, the German leader in high-growth energy infrastructure services, announced at the end of December 2016. The transaction, estimated at approximately €850 million, will enable SPIE and SAG to create a German leader in multi-technical services.
Headquartered in Langen in Germany, SAG has a century of experience. With 8,000 employees across more than 170 locations, including 120 in Germany, SAG is expected to generate revenue of €1.3 billion in 2016.
SPIE has 600 sites in 38 countries and 38,000 employees, and achieved consolidated revenues of €5.3 billion in 2015.
The transaction is financed by a bridge loan facility provided by international banks and should be completed in late Q1 or early Q2 2017, subject to antitrust approval.
The White & Case team in Paris which advised on the transaction was led by partners Thomas Le Vert, Raphaël Richard and Samir Berlat with support from counsel Julien Chameyrat and associates Tatiana Uskova, Anne-Lise Derouet and Céline Oréal.
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