PARIS, FRANCE: Elior Group has signed an Investment Agreement and a Contribution Agreement with Derichebourg SA, regarding the proposed acquisition of Derichebourg Multiservices Group. This is a major milestone in creating a new contract catering and multiservices leader.

This signing, which was unanimously approved by the Boards of Directors of Elior Group and Derichebourg Multiservices, confirms the financial terms of the transaction as communicated on December 20, 2022.

The transaction remains subject to the satisfaction of customary conditions precedent, in particular the European Commission’s approval under its merger control procedures and the AMF waiver from filing a public offer based on Article 234-9 3° of the AMF General Regulation and free and clear of any claims.

The transaction will have to be approved by Elior’s Combined Shareholders’ Meeting scheduled for April 18, 2023. It should be noted that Derichebourg will not be able to vote on the resolution concerning the contribution in accordance with Article L225-10 of the French Commercial Code. The transaction is expected to be completed on that date.

BDL Capital Management, Permian Investment Partners, FSP, and EMESA—representing approximately 24.4% of Elior Group ownership and voting rights—support this new chapter in the Group’s strategy and will vote in favor of the contribution of Derichebourg Multiservices SA’s activities to Elior.

Bernard Gault, Chairman and CEO of Elior Group, commented: “With the signing of the Derichebourg Multiservices acquisition agreement, we have taken a decisive step in our project to create a new leader in contract catering and multiservices. This project lays out a new ambition for the Elior Group, one that will create value for its employees, customers, and shareholders.

I personally ensured that this project will be supported by a new governance structure that meets the highest standards in terms of balance and independence over the long term. This new structure will enable all stakeholders to benefit from Elior’s development and success.

I would like to thank Derichebourg SA and all the other shareholders who are supporting us in this process, particularly those who have already pledged their support at the upcoming General Meeting on April 18, where shareholders will vote on the transaction.”