Clayton, Dubilier & Rice, LLC agreed to acquire an unknown stake in HOLDING SOCOTEC - S.A.S. from Five Arrows Managers SAS and BIP Investment Partners S.A. (ENXTBR:) on December 9, 2019. Under the terms, Post the acquisition, Five Arrows Managers SAS and BIP Investment Partners will sell off their minority stakes in SOCOTEC and exit, while Cobepa will remain the majority owner of HOLDING SOCOTEC. The transaction is expected to close prior to year-end. Jean-François Louit of Gide Loyrette Nouel A.A.R.P.I. and Mayer Brown acted as legal advisors for management of SOCOTEC. Debevoise & Plimpton LLP acted as legal advisor for Clayton, Dubilier & Rice, LLC. Oloryn Partners acted as financial advisor for management of SOCOTEC in the transaction. Bredin Prat acted as legal advisor for Five Arrows.