---
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"
generated_at: "2026-06-10T09:18:47.405291+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Concentrix closes $4B Webhelp acquisition, issues ~14.9M shares and €700M seller note

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001803599-23-000187
- JSON: https://secwatch.observer/filing/0001803599-23-000187.json
- Plain text: https://secwatch.observer/filing/0001803599-23-000187.txt

## Key facts
- Debt Financings
  Concentrix Corp incurred loan of €700,000,000 with certain Sellers at two percent (2%) per annum maturing September 25, 2025.
  - Instrument: loan
  - Principal: €700,000,000
  - Counterparty: certain Sellers
  - Rate: two percent (2%) per annum
  - Maturity: September 25, 2025
  - Event: incurrence
  source text: Concentrix issued a promissory note in the aggregate principal amount of €700,000,000 (the “Sellers’ Note”) to certain Sellers (each, a “Noteholder”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm
- Executive change
  Olivier Duha was appointed as Director at Concentrix Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm
- Executive change
  Nicolas Gheysens was appointed as Director at Concentrix Corp.
  - Action: appointed
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm
- M&A Transactions
  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).
  - Action: acquisition
  - Counterparty: Sellers (holders of shares of Marnix Lux SA)
  - Consideration: 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
  - Closing: 2023-09-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm
- Material Agreements
  Concentrix Corp entered into Sellers' Note with certain Sellers valued at €700,000,000 (effective 2023-09-25).
  - Action: entry
  - Counterparty: certain Sellers
  - Value: €700,000,000
  - Effective: 2023-09-25
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1803599/000180359923000187/0001803599-23-000187-index.htm

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