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IQ-EQ supports the combination of Wavestone and Q_PERIOR by setting up a fiducie

24 Apr 2024

IQ-EQ has supported the combination between Wavestone, a leading consulting firm headquartered in France listed on Euronext Paris, and Q_PERIOR, a consulting leader in the Germany-Switzerland-Austria region. This combination aims to create a new European consulting champion with a global reach, targeting revenue of €1 billion by 2025.

IQ-EQ acted as a fiduciaire, setting up a fiducie to provide counter-guarantee regarding the asset and liability guarantee (ALG) which had been subscribed by Q_PERIOR’s shareholders, in order to secure the transaction, valued at €330 million in enterprise value. This fiducie enables Wavestone’s compensation if certain future events were to trigger a payment obligation under the ALG provisions.

The fiducie once again proved its effectiveness in securing corporate and M&A transactions. It also reaffirms its relevance across a wide range of market uses, whether for security fiducies, management fiducies, or for M&A purposes. With over 500 fiducies established in 15 years and a portfolio of more than 200 active fiducies representing 15 billion euros in assets under management, IQ-EQ has built up solid experience in this field.

Commenting on this deal Eléonore Delplanque de Mandelot, Head of Fiducies at IQ-EQ said:

“We’re delighted to have been chosen to act as a fiduciaire to secure this significant transaction which once again serves to highlight the increasing popularity of this innovative structuring tool. As experts in this field our strategic goal is to use our significant expertise to further support our clients and partners with their various projects,”

This transaction was further supported by Dentons, Hoche Avocats and Taylor Wessing.

Working with IQ-EQ has been seamless – you and your team understand our business, advise us appropriately, and handle your side of our collective partnership so that we can focus on making good investment decisions. Evan Gibson SVP, Merchants Capital

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