Adecco Group AG completed the acquisition of QAPA SA.
September 30, 2021
Share
Adecco Group AG (SWX:ADEN) agreed to acquire QAPA SA for ?65 million on September 7, 2021. The earn out consideration will be paid in four tranches through end 2023, subject to the achievement of defined revenue and profitability levels. QAPA had ?45 million in turnover in the 12 months to the end of June 2021 and has around 60 employees. The acquisition is expected to close at the end of Quarter 3, 2021. J?r?my Sartre of Clearwater International France acted as financial advisor to Adecco Group AG while Julien Aucomte, Philippe Lorentz, Alexandra Berg-Moussa, Laure Bonin, Julien Wlodarczyk, Florence Chafiol, H?loise Jardel, Olivier Attias and Virginie Devos of August Debouzy acted as legal advisor. Jacques Haccoun, Julien Solyjan and Claire Jacinto of 2C Finances provided financial due diligence to Adecco Group AG. Samira Friggeri and Samanta Madelin of Cabinet Anne Orsay Avocats and ALMATIS AVOCATS acted as legal advisor to QAPA SA.
Adecco Group AG (SWX:ADEN) completed the acquisition of QAPA SA in third quarter ended September 30, 2021.
Adecco Group AG, formerly Adecco S.A., provides human resource (HR) services. The Company's services include temporary staffing, permanent placement, outsourcing, career transition. It operates through two business lines: Staffing and Solutions. The Staffing business line includes General Staffing, which includes Office and Industrial, and Professional Staffing, which includes Information Technology, Engineering and Technical, Finance and Legal, and Medical and Science. The Solutions business line includes Business Process Outsourcing, which includes Managed Service Programs, Recruitment Process Outsourcing and Vendor Management System, and Career Transition and Talent Development, which includes outplacement, career development, change management solutions, training and consulting. Its segments include France, North America, UK & Ireland, Germany & Austria, Japan, Italy, Benelux, Nordics, Iberia, Australia & New Zealand, Switzerland, Emerging Markets and Lee Hecht Harrison.