{"schema_version":"secwatch.filing_event.v1","accession":"0001803599-23-000187","form_type":"8-K","ticker":"CNXC","cik":"0001803599","company_name":"Concentrix Corp","filed_at":"2023-09-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.311472+00:00","generated_at":"2026-06-10T09:18:47.405291+00:00","sec_items":["1.01","2.01","2.03","3.02","5.02","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Concentrix closes $4B Webhelp acquisition, issues ~14.9M shares and €700M seller note","bullets":["Transaction valued at ~$4B including net debt; Concentrix paid €488.7M cash, ~14.9M shares, plus up to 750K earnout shares.","Combined co. operates as Concentrix + Webhelp; pre-deal Concentrix shareholders hold 77.6%, Webhelp sellers hold 22.4%.","Olivier Duha (Webhelp co-founder/former CEO) and Nicolas Gheysens (GBL partner) appointed to Board; Duha named Vice Chair.","Issued €700M seller promissory note at 2% interest due Sept 2025; funded deal with $2.15B senior notes and ~$294.7M term loan.","Repaid ~€1.8B of Webhelp existing debt using proceeds from financing and cash on hand."],"urls":{"canonical":"https://secwatch.observer/filing/0001803599-23-000187","json":"https://secwatch.observer/filing/0001803599-23-000187.json","markdown":"https://secwatch.observer/filing/0001803599-23-000187.md","text":"https://secwatch.observer/filing/0001803599-23-000187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/cnxc-20230925.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:18:47.405291+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"940cccfc97716de7e9baedd9aca9df8cb722dee7","claim":"Concentrix Corp incurred loan of €700,000,000 with certain Sellers at two percent (2%) per annum maturing September 25, 2025.","evidence_excerpt":"Concentrix issued a promissory note in the aggregate principal amount of €700,000,000 (the “Sellers’ Note”) to certain Sellers (each, a “Noteholder”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"€700,000,000"},{"label":"Counterparty","value":"certain Sellers"},{"label":"Rate","value":"two percent (2%) per annum"},{"label":"Maturity","value":"September 25, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"02fbd57e05","claim":"Olivier Duha was appointed as Director at Concentrix Corp.","evidence_excerpt":"Effective as of the closing of the Transaction, on September 25, 2023, Olivier Duha and Nicolas Gheysens were appointed as members of the Company’s Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"63708c2996","claim":"Nicolas Gheysens was appointed as Director at Concentrix Corp.","evidence_excerpt":"Effective as of the closing of the Transaction, on September 25, 2023, Olivier Duha and Nicolas Gheysens were appointed as members of the Company’s Board of Directors","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"c0040820115238f36f80e3b539689927bada98d6","claim":"Concentrix Corp completed an acquisition involving Sellers (holders of shares of Marnix Lux SA) for approximately €488.7 million in cash (the \"Closing Cash Payment\") and the Sellers' Note (as defined and described below) (the Sellers' Note together with the Cl (closed 2023-09-25).","evidence_excerpt":"on the Closing Date, except as otherwise set forth in the SPA, (i) Purchaser purchased certain of the Sellers’ Shares (the “Acquired Shares”) in exchange for approximately €488.7 million in cash (the “Closing Cash Payment”) and the Sellers’ Note (as defined and described below) (the Sellers’ Note together with the Closing Cash Payment, the “Cash Purchase Price”);","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm","confidence":0.99,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Sellers (holders of shares of Marnix Lux SA)"},{"label":"Consideration","value":"approximately €488.7 million in cash (the \"Closing Cash Payment\") and the Sellers' Note (as defined and described below) (the Sellers' Note together with the Cl"},{"label":"Closing","value":"2023-09-25"}],"fact_type":"ma_transaction"},{"claim_id":"b943d8e27fec2c3c3735f4395b8f41472d30651f","claim":"Concentrix Corp entered into Sellers' Note with certain Sellers valued at €700,000,000 (effective 2023-09-25).","evidence_excerpt":"On the Closing Date and as part of the consideration for the Transaction, Concentrix issued a promissory note in the aggregate principal amount of €700,000,000 (the “Sellers’ Note”) to certain Sellers","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"certain Sellers"},{"label":"Value","value":"€700,000,000"},{"label":"Effective","value":"2023-09-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}