---
schema_version: "secwatch.filing_event.v1"
accession: "0001803599-23-000091"
form_type: "8-K"
ticker: "CNXC"
cik: "0001803599"
company_name: "Concentrix Corp"
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:14:06.757480+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Concentrix to acquire Webhelp for €1.2B cash/note plus 14.86M shares; $5.29B bridge loan arranged

## Summary
- Total consideration: €500M cash + €700M seller note (2% interest, 2-year) + 14.86M shares + up to 750K earnout shares.
- Bridge loan of $5.29B from JPMorgan to fund cash portion and refinance debt.
- Voting agreement with Concentrix shareholders owning 15.3% to support share issuance.
- Investor rights agreement grants GBL two board seats initially; lock-up periods up to 18 months.
- Transaction expected to close before end of 2023, subject to works council consultations, HSR, and shareholder approval.

## SEC filing metadata
- accession: 0001803599-23-000091
- form_type: 8-K
- ticker: CNXC
- cik: 0001803599
- company_name: Concentrix Corp
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000091/0001803599-23-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000091/cnxc-20230329.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803599-23-000091
- JSON: https://secwatch.observer/filing/0001803599-23-000091.json
- Plain text: https://secwatch.observer/filing/0001803599-23-000091.txt

## Key facts
- Material Agreements
  Concentrix Corp entered into Put Option and Share Purchase and Contribution Agreement with OSYRIS S.à r.l., Marnix Lux SA stockholders valued at €500 million cash + €700 million note + 14,861,885 shares + up to 750,000 earnout shares (effective 2023-03-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: OSYRIS S.à r.l., Marnix Lux SA stockholders
  - Value: €500 million cash + €700 million note + 14,861,885 shares + up to 750,000 earnout shares
  - Effective: 2023-03-29
  source text: On March 29, 2023, Concentrix and OSYRIS S.à r.l., a private limited liability company ( société à responsabilité limitée ) incorporated under the laws of the Grand Duchy of Luxembourg and a direct wholly owned subsidiary of the Company (“Purchaser”), entered into a binding put option letter agreement (the “Put Option”) with certain stockholders (the “Beneficiaries”) of Marnix Lux SA, a public limited liability company ( société anonyme ) incorporated under the laws of the Grand Duchy of Luxembourg (“Webhelp Parent”) and the parent company of the Webhelp business.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000091/0001803599-23-000091-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.