Assystem entered into an agreement to sell a majority stake in its Global Product Solutions (GPS) division to Ardian. The transaction was structured as a carve-out where GPS was transferred to a new entity controlled by Ardian. The parent company, Assystem S.A., reinvested a significant portion of the proceeds to retain a minority interest and governance rights. The deal was supported by a senior debt package in the form of a Term Loan B (TLB). This strategic move allowed Assystem to refocus its resources on its historical infrastructure and energy activities, including potential investments in the nuclear sector, while providing GPS with the independent financial structure required for international consolidation.

ASSYSTEM GLOBAL PRODUCT SOLUTIONS, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 11.3x average currently observed in the Business Services sector.

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