Solucom in its proposed link-up with Kurt Salmon Consulting in Europe (except for retail and consumer goods)

Press release - 12/1/2015

Edmond De Rothschild Corporate Finance has advised  Solucom has entered into an agreement with Management Consulting Group PLC on November 26th with a view to acquiring most of the European activities of its subsidiary Kurt Salmon and the related activities in the USA.

Solucom is a consulting company, founded in 1990, that currently employs 1600 people in France, the United Kingdom, Switzerland, Belgium and Morocco. Solucom advises its clients in carrying out major corporate transformations. With revenues of approximately €180m, Solucom's shares are listed on Euronext Paris.

Kurt Salmon, a subsidiary of Management Consulting Group PLC (listed on the London Stock Exchange), is a management consultancy that advises its clients on major transformation issues, ranging from strategic scoping to the delivery of results. The companies included in the target scope have a combined staff of 750 employees and generated 2014 revenues of around €120m.

With revenues of circa €300m, the combined entity would be one of the top 3 consultancies in France and one of the major independent consulting firms in Europe.

The closing of the deal is subject to French anti-trust authority approval, to the absence of material adverse changes and to the approval by a general meeting of Management Consulting Group PLC shareholders.

Edmond de Rothschild Corporate Finance advised Solucom in identifying and negotiating the acquisition, and in raising a syndicated acquisition credit facility among a pool formed by leading French banks.