Bryan, Garnier & Co advises Actobi, French leader in sport and well-being vouchers, on its acquisition by UP Group, global leader in Corporate Services
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Paris, September 14th, 2016 – Bryan, Garnier & Co advised the shareholders of Actobi, the French leader in well-being and sport vouchers, on finding a strategic partner.
Up Group, the founder of the Chèque Déjeuner (« Lunch Vouchers »), a global player in business services to corporations for over 50 years, has acquired a 51% stake in Actobi, the leading French solution for Sport &Well-Being vouchers. Up Group now offers employee councils and public bodies the broadest range of leisure, sport and relaxation activities.
Actobi Sport & Well-Being Vouchers provide their users with access to the benefits of over 10,000 partnerships in France. By investing in Actobi, Up Group will strengthen its current offering to employee councils by adding complementary services to its current offering.
Amongst other benefits, Actobi vouchers help promote physical exercise and access amongst employees by giving them affordable access to leisure activities, thus reducing employee stress levels and improving their well-being.
Rodolphe Six, Actobi Chairman, comments: “Up Group is an ideal partner for us, from a commercial, technical and financial perspective. Bryan, Garnier & Co showed strong commitment throughout the process and their expertise and access to industry players enabled us to identify Up Group as the right partner and seal the transaction with maximum speed and confidentiality.”
Youssef Achour, France Managing Director of Up Group, states: “This 51% stake acquisition is a great opportunity for Up Group. It strengthens our range of solutions and could lead to the full acquisition of Actobi within the next few years.”
Guillaume Nathan, Partner at Bryan, Garnier & Co, adds: “We are very pleased to have advised the shareholders of Actobi, who is a leader in the employee benefits space. This transaction is another illustration of Bryan, Garnier & Co’s ability to support growth companies in the Business Services space.”
Actobi Advisors
Financial: Bryan, Garnier & Co (Guillaume Nathan)
Legal: Euraconseil (Thierry Wemaere, Sophie Vanommeslaeghe)
About UP Group
Up (formerly Groupe Chèque Déjeuner) is an international, independent group that belongs to its
employees. It sells unbanked products and services (cheques, cards, mobile applications, web applications, etc.) to facilitate access to food, culture, leisure, education, help in the home, social aid, but also to support companies in managing their business expenses or developing incentive and loyalty programs. The group is present in the daily lives of over 21,3 million people in 17 countries. Up group has 2,685 employees and an issuing volume of EUR 6.6 billion in 2015.
About Actobi
Under the leadership of its Founder, Rodolphe Six, Actobi is a unique concept in France, providing employee councils and public bodies with Well-being and Sports Vouchers, enabling the beneficiaries to engage in leisure activities thanks to over 10,000 partnerships across France. Actobi vouchers bring employee councils numerous advantages, enhancing their social and cultural impact. They allow affordable access to a broad range of activities, suitable for all (fitness, swimming, aqua bike, badminton, indoor football, horse-riding, bowling, climbing, spa, yoga, etc.), thanks to employer or public body contribution. The Well-being & Sports Vouchers also promote physical activity and access to leisure.