The company specializing in workplace mental health consulting, Human & Work, is joining the health division of Telus, a publicly traded Canadian group with revenue exceeding €13.5 billion.
Human & Work, a consultancy firm specialising in mental health in the workplace, is joining the healthcare division of Telus, a listed Canadian group with sales of over €13.5 billion, following the exit of Geneo, Bpifrance and NCI. Joffe & Associés (Romain Soiron, Aymeric Dégremont, Paddy Pascot & Antoine Danieck) advised Human & Work on this transaction.
French company Human & Work, which specialises in mental health consulting and executive coaching, is to be acquired by Telus Health, the healthcare arm of the Canadian group Telus. This acquisition marks the exit of investors Geneo Capital Entrepreneur, Bpifrance and NCI. With sales of €35 million, Human & Work is joining a key player in the sector, with which it has already been working for several years.
Boosted by a growing number of acquisitions in recent years, notably in Spain, Italy and Germany, the company now covers a number of areas, from psychological health in the workplace to career transition and executive coaching. The Covid crisis has accelerated demand for its services, particularly in the areas of psychological support and risk prevention. Its integration into Telus Health now gives it access to a vast network of over 100,000 healthcare professionals worldwide. This strategic alliance will enable Telus Health to strengthen its presence in Europe, while Human & Work gains in international scope.
‘This merger offers growth prospects for all parties, with Human & Work strengthening Telus‘ presence in Europe, while we will now be able to follow major accounts internationally with an enriched offering,’ explains David Mahe for CFNews.
- Buyer: TELUS, Darren Entwistle, Navin Arora
- Sellers: MANAGER(S), GENEO CAPITAL ENTREPRENEUR, François Picarle, Louis Charrier, BPIFRANCE INVESTISSEMENT, Fabrice Lemarchand, Constance Pauliac, Gauthier Valot, NCI, Anne-Cécile Guitton, Kevin Edna
- Buyer’s Financial Advisor / M&A Consultant: RAYMOND JAMES
- Sellers’ Financial Advisor / M&A Consultant: CAMBON PARTNERS, Nicolas Saint-Pierre, Camille Grellet, Antoine Lippert
- Sellers’ Corporate Lawyer: JOFFE & ASSOCIES, Romain Soiron, Aymeric Dégremont, Paddy Pascot, Antoine Danieck
- Sellers’ Corporate Lawyer: SEKRI VALENTIN ZERROUK (SVZ), Pierre-Emmanuel Chevalier, Natacha Baratier, Chloé Metivier, Enora Floury
- Sellers’ Corporate Lawyer: DUROC PARTNERS, Erwan Bordet, Elle Otto
- Financial Vendor Due Diligence (VDD): ADVOLIS ORFIS (formerly ADVOLIS AUDIT & CONSEIL), Damien Bourg, Marion Bernadou
