The Jacobs Engineering Group has announced the completed sale of its French subsidiary, Jacobs France, to the NOX Group in France. Jacobs France provides specialized engineering services to sectors including chemicals, pharmaceuticals energy, and buildings. Jacobs, listed on the NYSE, is ranked 235 on the 2016 Fortune 500 list. Its global 2015 revenue exceeded $12.1 billion and it has over 60,000 employees worldwide.
The NOX Group specialized in engineering and technical review services, was created by Gildas Garrec in 1998. The NOX Group is a key player in general engineering and is specialized in the buildings, infrastructure, environment, industry and transportation of energy markets. With over 20 sites in France and a dozen overseas, the NOX Group relies on a range of complementary skills and will benefit from Jacobs France’s teams’ experience with large scale projects.
The seller was advised, for legal matters, by De Gaulle Fleurance & Associés, Anker Sorensen, Matthieu Bichon, Aurélien Djafari Rouhani (corporate), Gilles Gaillard et Danielle Smolders (insurance), Blaise Philippe Chaumont (tax) and Thierry Gillot (labor), assisted by Rothschild Transaction R (M&A), Laurent Buiatti, Philippe Dubois de Montreynaud et Edouard Lagarrigue de Meillac and PWC (Transaction Services), Sébastien Dalle. The management of Jacobs France was advised by Weil Gotshal, Jean Dominique Daudier de Cassini.
The purchaser was advised, for legal matters, by Latournerie Wolfrom Avocats, Pierre Lafarge, Claire-Marie Toupé (corporate) and Etienne Guillou (tax) and by EY, Stanislas de Gastines, for the financial due diligence and Grant Thornton, Clotilde Delemazure for the cash forecasts and financial projections; Nox dealt internally with insurance matters (Sami Smail and Nox Risks).
Since its creation in 2001, De Gaulle Fleurance & Associés has developed a widely acknowledged activity in advising businesses in their transactions, at the crossroads of corporate, restructuring, insurance, tax and labour matters. The law firm De Gaulle Fleurance & Associés is, each year, part of the main international rankings (Chambers, Legal 500, Décideurs-Leaders League).