FFP to Acquire Minority Interest in International SOS

February 5, 2021

Willkie advises FFP on its agreement to acquire a minority interest in International SOS, a worldwide leader in health and security services.

On February 1, Willkie client FFP announced that it had signed an agreement to acquire a minority interest in International SOS primarily through a capital increase, for $306 million. FFP will thus contribute to pursuing the development of a company uniquely positioned worldwide in the fields of health and security.

FFP joins the group's founders and managers, majority shareholders, alongside Cobepa, and will participate in the governance of the company, in line with its strategy as a long-term active minority investor.

Founded in 1985 in Singapore by Arnaud Vaissié and Dr. Pascal Rey-Herme, International SOS offers medical prevention and security services, access to healthcare and emergency intervention to international companies and government organizations. Operating in 85 countries, the company employs 10,000 health, security and logistics experts dedicated to supporting and assisting 12,000 organizations 24/7. In its financial year ended 30 June 2020, the company achieved sales of $1.2 billion, balanced between America, Asia-Pacific and EMEA.

FFP is an investment company listed on Euronext, majority-owned by Etablissements Peugeot Frères. FFP is one of the leading shareholders of Stellantis and pursues a minority-shareholding and long-term investment policy. FFP holds participations in listed companies (SEB, Safran, ORPEA, LISI, SPIE), non-listed companies (Tikehau Capital Advisors, Acteon, Total-Eren), co-investments (IHS, JAB Holding), private equity funds and real estate (SIGNA Prime Selection, Immobilière Dassault).

The Willkie team was led in Paris by partners Daniel Hurstel and Gabriel Flandin and included in London partner Gavin Gordon and associate Julian Grant and in Washington partner David Mortlock.