Global law firm White & Case LLP has advised the founders and majority shareholders of SAB, one of the main core banking software developers in France, on the company's proposed sale.
SAB's potential buyer is Sopra Banking Software, an entity of Sopra Steria group, a European leader in digital transformation listed on Euronext Paris.
The transaction would consist, as a first step, in the sale of a majority stake in SAB's capital, the sale of the balance of the capital being subject to the exercise of put and call options. The contemplated transaction is still subject to consultation of employee representatives bodies of both the potential buyer and the targeted company.
The White & Case team in Paris which is advising on the transaction is led by partners Franck De Vita and Hugues Mathez, with assistance from associates Delphin Boucher and Agathe Delalande.
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