Elvinger Hoss advises Teleperformance on its €3 billion voluntary public offer and subsequent squeeze-out to acquire Majorel

  • Posted 01.12.2023
Elvinger Hoss Prussen offices

Elvinger Hoss Prussen acted as legal advisor to Teleperformance SE, a global digital business services company listed on Euronext Paris, on its voluntary cash and exchange offer (the “Offer”) to acquire all of the shares of Majorel Group Luxembourg S.A., a Luxembourg company listed on Euronext Amsterdam, for a total consideration of €3 billion.

Elvinger Hoss advised Teleperformance on all Luxembourg law aspects of the Offer, under which shares representing approximately 99.91% of Majorel’s share capital were tendered, as well as on the subsequent successful completion of a squeeze-out under the Luxembourg takeover law.

The Elvinger Hoss team was led by partner Philippe Hoss together with Jean-Bernard Spinoit, Counsel, and Ben Reckinger, Senior Associate.

White & Case LLP and De Brauw Blackstone Westbroek acted as legal advisor to Teleperformance on French law and Dutch law, respectively.