Frere family’s private push is double-edged sword liamwardproud
KKR said on July 10 it had entered into exclusive negotiations to sell a majority stake in Webhelp, a call centre operator, to Groupe Bruxelles Lambert, the investment holding company of Belgium’s Frere and Canada’s Desmarais families.
GBL will invest alongside Paris-based Webhelp’s co-founding shareholders, Olivier Duha and Frederic Jousset, who will retain their role as founding executive directors, and Webhelp’s management team. The deal would see Brussels-listed GBL acquire a majority holding at an enterprise value of 2.4 billion euros.
KKR said Webhelp’s revenue had grown by more than 250% since it invested in the company in 2014. GBL said the company aims to achieve a turnover of 1.5 billion euros in 2019.
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