Concentrix to acquire Webhelp for ~$4.8B, creating combined CX leader with ~$9.8B pro forma revenue

Concentrix Corp

Transaction valued at ~$4.8B including net debt; Webhelp shareholders receive 14.9M CNXC shares, €500M cash, and €700M note payable at 2%.
Pro forma 2023 revenue ~$9.8B; Webhelp expected to generate ~$3.0B revenue and ~$500M adjusted EBITDA in 2023.
Cost synergies of $75M in first full year, reaching at least $120M net of investments by third full year.
Accretive to non-GAAP EPS in first full year, with double-digit accretion in second full year; net debt-to-adjusted EBITDA ~3x at close, declining to ~2x within two years.
Chris Caldwell to lead combined company; Olivier Duha to become Vice Chair; transaction expected to close by end of 2023 subject to shareholder and regulatory approvals.

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