(Refiles to fix headline to show companies have entered merger agreement; widens distribution)
March 30 (Reuters) - Groep Brussel Lambert NV :
* GBL ANNOUNCES THAT WEBHELP AND CONCENTRIX HAVE ENTERED INTO AN AGREEMENT TO CREATE A PROMINENT GLOBAL PLAYER IN CUSTOMER EXPERIENCE
* UPON COMPLETION OF THE TRANSACTION, GBL WOULD BECOME THE LARGEST SHAREHOLDER OF THE COMBINED ENTITY AND BE REPRESENTED ON ITS BOARD OF DIRECTORS
* THE IMPLIED VALUATION OF €1.529BN FOR GBL’S STAKE IN WEBHELP REPRESENTS A MOIC OF 1.8X SINCE GBL’S INITIAL INVESTMENT IN NOVEMBER 2019
* THIS TRANSACTION IS IN LINE WITH THE STRATEGY GBL INITIATED IN 2019 TO INVEST IN SOLID, FAST-GROWING PRIVATE PLATFORMS WELL POSITIONED TO PARTICIPATE IN SECTOR CONSOLIDATION AND ATTAIN LEADERSHIP
* GBL WOULD BE PAID IN CONCENTRIX SHARES, EARN-OUT SHARES AND SELLER NOTE
* GBL WOULD BE PAID: 12.9% OF CONCENTRIX’S OUTSTANDING COMMON STOCK
* GBL WOULD BE PAID: EARN-OUT SHARES THAT COULD GIVE ACCESS TO ADDITIONAL CAPITAL TO COMBINED ENTITY IF CERTAIN THRESHOLDS ARE REACHED
* GBL WOULD BE PAID: NOTE ENTITLING GBL TO RECEIVE ABOUT €500M IN CASH ON SECOND ANNIVERSARY OF TRANSACTION CLOSING
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