Godefroy de Bentzmann and Stanislas de Bentzmann, Presidents and Co-founders of Devoteam SA made a tender offer to acquire remaining unknown majority stake in Devoteam SA (ENXTPA:DVT) from Yves de Talhouët and other shareholders on July 9, 2020. Godefroy and Stanislas de Bentzmann will acquire the shares at €98 per share. KKR acted as a financial partner to Godefroy and Stanislas de Bentzmann. Prior to the transaction, Godefroy and Stanislas de Bentzmann hold approximately 21% stake in Devoteam SA. Godefroy de Bentzmann and Stanislas de Bentzmann will contribute almost all of the held shares in kind to an entity on the date of completion of the tender offer and a minimum number of shares will be tendered pursuant to the offer. Supervisory Board of Devoteam SA favorably welcomed the planned tender offer, appointed an adhoc committee consisting of Michel Bon (Chairman of the Supervisory Board) and 3 independent members to supervise the expert’s work and make recommendations to the Supervisory Board with respect to the contemplated tender offer. As on October 26, 2020, Supervisory Board of Devoteam SA recommended shareholders to accept the offer. The filing of the tender offer is subject to the issuance by the supervisory board of Devoteam of its reasoned opinion. The completion of the tender offer will be subject to mandatory minimum acceptance condition representing at least 50.01% of the share capital of Devoteam SA. Completion of the transaction remains also subject to obtaining the competition authority approvals of the competent competition authorities, in particular in Austria and Germany, as well as obtaining foreign investment control clearance from the French Ministe`re de l’Economie and, as the case may be, any other required regulatory approvals. It is contemplated that the tender offer will be filed with the AMF by the end of the third quarter 2020 and is expected to be completed in the course of the fourth quarter. On November 2, 2020, French financial market authority AMF has approved the proposed tender offer. As of December 2, 2020, 4 million Devoteam’s shares have been tendered to the offer. Following the completion of the mergers and contributions in kind on the Devoteam’s shares held by Godefroy and Stanislas de Bentzmann and by Tabag, controlled by Yves de Talhouet, the company Castillon will hold 6.03 million Devoteam’s shares, representing 72.40% of the share capital. The tender offer will commence from October 27 and end on November 30, 2020. As of December 2, 2020, the offer will be reopened from December 3, 2020 to December 16, 2020, at the same price, i.e. €98 per share, to allow the shareholders who did not tender their shares. Finexsi acted as the independent expert for Godefroy de Bentzmann and Stanislas de Bentzmann. Mathieu Gross, Bertrand Peyrelongue and Ludovic Balkany of Credit Agricole Corporate and Investment Bank acted as the financial advisors to Godefroy de Bentzmann and Stanislas de Bentzmann and will act as presenting bank for the tender offer. Darrois Villey Maillot Brochier and Alexandre Dejardin, Tristan Audouard, Jérémie Jeausserand, Eléonore Gaulier and Antoine Le Roux of Jeausserand Audouard act as legal advisors to Godefroy de Bentzmann and Stanislas de Bentzmann. SG CIB acted as financial advisor in the transaction. BNP Paribas acted as the financial advisor to Godefroy de Bentzmann and Stanislas de Bentzmann, Presidents and Co-founders of Devoteam SA and KKR.