Edmond de Rothschild Investment Partners, S.A.S., Iris Capital, Edenred SA and Patrice Thiry, founder and manager of ProwebCE completed the acquisition of additional 17.5% stake in ProwebCE for €6.2 million.
September 07, 2012 at 12:00 am EDT
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Edmond de Rothschild Investment Partners, S.A.S., Iris Capital, Edenred SA (ENXTPA:EDEN) and Patrice Thiry, founder and manager of ProwebCE made a bid to acquire remaining 23% stake in ProwebCE (ENXTPA:ALPRW) for €8.2 million on June 26, 2012. The buyers will acquire the remaining shares for €18 per share. Post offer, the buyers will initiate a squeeze-out for the remaining shares not corresponding to more than 5% of the capital. The transaction is subject to approval by regulatory authorities. Paper Audit acted as the accountant for the buyers.
Edmond de Rothschild Investment Partners, S.A.S., Iris Capital, Edenred SA (ENXTPA:EDEN) and Patrice Thiry, founder and manager of ProwebCE completed the acquisition of additional 17.5% stake in ProwebCE (ENXTPA:ALPRW) for €6.2 million on September 7, 2012.
Edenred SE is a leading digital services and payments platform and the everyday companion for people at work, connecting over 60 million employees and more than 2 million partner merchants in 45 countries via nearly 1 million corporate clients.
Edenred SE offers specific-purpose payment solutions for food (meal benefits), incentives (gift cards, employee engagement platforms), mobility (multi-energy, maintenance, toll, parking and commuter solutions) and corporate payments (virtual cards). These solutions enhance employee well-being and purchasing power, improve companies' attractiveness and efficiency, and vitalize the employment market and the local economy.
Edmond de Rothschild Investment Partners, S.A.S., Iris Capital, Edenred SA and Patrice Thiry, founder and manager of ProwebCE completed the acquisition of additional 17.5% stake in ProwebCE for €6.2 million.
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