The digital marketing agency Valtech receives a new investment

  • Valtech, a global agency for business transformation and digital services, receives significant funding from BC Partners, valuing the company in $ 1.4 billion
  • The new investment will accelerate Valtech’s global growth ambitions as it continues to support its clients’ business transformations.
  • Former reference shareholder Verlinvest and Valtech’s new management team, Olivier Padiou (CEO) and Thomas Nores (COO) will reinvest in the company

Valtech, a world leader in digital services and business transformation, announced today that it has reached a definitive agreement to receive a new investment of funds advised by BC Partners (“BC Partners”). The former benchmark shareholder investment group Verlinvest and Valtech’s new management will also reinvest in the company. The transaction values ​​Valtech at $ 1.4 billion and is subject to receipt of customary regulatory approvals.

Valtech designs, builds and delivers transformative digital solutions for the world’s leading brands. Recognizing that industries and sectors globally are facing significant economic changes, Valtech helps its clients digitally innovate at the pace to address this, meet changing customer needs, and ultimately position their companies to obtain a sustainable competitive advantage. It also helps its customers shape new experiences, develop next-generation connected services to better engage with consumers, develop “commerce everywhere” capabilities as a marketing strategy, and provides data-driven services that help understand better customer needs. Valtech is the preferred strategic business transformation partner for many of the world’s best-known brands, including ADM, Audi, Bayer, Goodyear, Dolby, Estée Lauder, Linde, L’Oréal, LVMH, MARS, Novo Nordisk, PepsiCo, P&G, Samsung, Sanofi, SC Johnson, Toyota, Universal Studios and Volkswagen.

Valtech employs more than 4,000 innovators, design thinkers, marketers, creatives and software engineers on five continents with more than 50 offices in 18 countries. Valtech is growing rapidly, will generate 30% revenue growth in 2021 and has maintained strong annual revenue growth of 17% CAGR for the past ten years.

This new partnership will diversify and strengthen Valtech’s shareholder base and allow the company to capitalize on the significant market opportunity for digital services and business transformation. BC Partners’ strategic investment will help drive further global expansion and investment in new technology, as Valtech expands its client offering and enters new markets organically and through targeted mergers and acquisitions.

“We have seen a significant increase in demand for our business transformation services in recent years. More than ever, organizations need digital solutions to adapt to changing technology, trends, and consumer expectations that are rapidly reshaping their businesses and markets. We have found BC Partners the ideal partner to support our ambitious growth plans. Your strategic investment will accelerate our journey to become the trusted partner for companies and brands that are integrating digital into all aspects of their customer experience and go-to-market strategy. BC Partners’ support and commitment to expanding our capabilities and geographic reach will provide our new and existing clients with more innovative and transformative services, as well as exciting new opportunities for our people to work on cutting-edge innovative projects. projects for the best brands “, he said Olivier Padiou, CEO of Valtech.

“Our investment in Valtech is an opportunity to partner with a clear leader operating at the center of a high-growth and global digital transformation market,” he said. Raymond Svider, President of BC Partners. “This is an industry where we see great potential and Valtech is one of the few companies of scale, which has earned a reputation for providing high-quality, innovative services to a long-standing base of front-line customers. We are excited to support Valtech in continuing its strong growth history as it expands both its capability set and global reach. “

Clemente Pointillart, Executive Director by Verlinvest He added: “The incredible growth that Valtech has achieved since our initial investment has been inspiring. Valtech has multiplied by five during this time and has successfully carried out strategic mergers and acquisitions to become a leading global agency in digital transformation. Olivier’s commitment and leadership team to delivering exceptional customer value has driven this growth, as well as the unprecedented demand for his services. We feel privileged to have been a part of this exciting journey and we look forward to partnering with BC Partners for this next chapter. “

The transaction is expected to close in the third quarter of 2021 following the usual antitrust clearances.

PWC acted as financial diligence, tax and structuring advisers, Kirkland & Ellis as legal advisor and Zinnov as business advisor to BC Partners.

Bank of America acted as financial advisor, Linklaters acted as legal advisor, and Clifford chance advised Valtech, Verlinvest and the other Valtech shareholders.

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