Perth, 19 July 2021: Clayton Utz is advising ASX listed international IT services provider Empired Limited (ASX: EPD) on its proposed scheme of arrangement with Capgemini Australia Pty Ltd, a wholly owned subsidiary of Capgemini S.E. The transaction was announced to the market today.
Corporate partner Mark Paganin and special counsel Stephen Neale are leading the firm's team working alongside Empired's team, with key support from lawyers William Davies, William Colreavy and Victoria Bandurski. Other core team members include partner Peter Feros and special counsel Cameron Forbes (Tax), and partner David Gerber (W&I insurance).
Capgemini is a global leader in consulting, digital transformation, technology and engineering services, headquartered in Paris, France. It is listed on the Euronext Paris stock exchange with a market capitalisation of over €28.0 billion.
Under the scheme implementation agreement, Capgemini will acquire 100% of the issued share capital of Empired for a cash price of $1.35 per share. The implementation of the scheme is subject to various conditions, including the approval of Empired shareholders, the Court and the Overseas Investment Office of New Zealand.
The scheme consideration values Empired's fully diluted equity at approximately $233 million.