Dentons is advising Wavestone, a French leading consultancy group listed on Euronext Paris, on its combination with Q_PERIOR, a consulting leader in the Germany-Switzerland-Austria (GSA) region. The combination of the two firms will create a European champion in the consulting market with over 5,500 employees.
The transaction which is subject to customary approvals, would result in Wavestone acquiring 100% of the share capital of Q_PERIOR’s parent holding based on an enterprise value of €330 million. This operation would be financed primarily through the issuance of new Wavestone shares to be approved by an extraordinary shareholders’ meeting of Wavestone.
Since 2019, Wavestone and Q_PERIOR have established a non-equity partnership aimed at developing business synergies by leveraging their complementary geographical coverage, industry footprint, and expertise.
“We are pleased to support Wavestone in this strategic transaction”, said Olivia Guéguen, Head of Dentons’ Corporate Group in Paris. "This deal showcases Dentons’ capabilities in complex cross-border transactions as well as our ability to deploy a cross-jurisdictional and cross-practice team to successfully deliver a strategic transaction for the benefit of our long-standing client”.
Partner Olivia Guéguen (Paris) is leading the Dentons’ multi-jurisdictional team, supported by Counsel Laura Godard (Paris) and Associates Edouard Delfour and Elodie Mallet (both Paris). Partner Emmanuelle van den Broucke (Paris) is advising on antitrust and FDI aspects and Jean-Marc Allix (Paris), supported by Counsel Steeve Jaskierowicz (Paris), are advising on financing aspects. In addition, a number of lawyers from Dentons’ Berlin, Düsseldorf, Warsaw, Bucharest, London, New York and Ottawa offices are also advising on the deal. Partners Rebekka Hye-Knudsen (Berlin), Piotr Dulewicz (Warsaw), Cristina Daianu (Bucharest), Darren Acres (London), Jane A. Mayer (New York) and Catherine Coulter (Ottawa) are advising on local aspects.