Shareholders Newsletter, June 2023
Shareholders Newsletter, June 2023
Shareholders Newsletter, June 2023
Shareholders Newsletter, June 2023
Shareholders Newsletter, June 2023
Shareholders Newsletter, June 2023
TP Cube in action with the acquisition of Majorel
TP Cube in action with the acquisition of Majorel
TP Cube in action with the acquisition of Majorel
TP Cube in action with the acquisition of Majorel
TP Cube in action with the acquisition of Majorel
TP Cube in action with the acquisition of Majorel
On April 26, 2023, Teleperformance announced its planned acquisition of Majorel, a major business services provider.
This acquisition illustrates the TP Cube development strategy whereby the Group is positioning itself as the preferred partner for its clients' digital transformation by deploying its expertise in integrated digital solutions by geography and client vertical.
The acquisition of Majorel is a fantastic opportunity for all Teleperformance partners. Our clients will benefit from enhanced expertise in all key markets worldwide. Our employees will thrive in a broader multicultural environment, combining high-touch and high-tech. And our shareholders will benefit from greater value creation from the first year
Daniel Julien, Chairman and Chief Executive Officer
To know more about Majorel
Maintaining financial flexibility:
Total amount of the acquisition: €3bn including €2bn in cash and €1m in shares
Leverage of around 1.8x 2023 EBITDA after the acquisition
Maintaining a strong credit rating: BBB (S&P)
Continuing the strategy of targeted, value-creating acquisitions based on the TP Cube approach.
A highly value-creating acquisition:
Significant cost synergies of between €100m and €150m per year
Significant earnings per share accretion of more than +10% including run-rate cost synergies
