Clearwater International advises Edenred in the acquisition of the entire share capital of Easy Welfare
Clearwater International acted as financial adviser to Edenred in the acquisition of the entire share capital of Easy Welfare.
Easy Welfare, established in 2006 and headquartered in Milan, is the Italian leading player in the corporate welfare services segment. In 2018, it recorded revenues of € 11 mln from over 700 clients, with an EBITDA margin of around 30%.
Edenred, listed at Paris Stock Exchange, is a global leader in payment solutions for the working world: thanks to its global technology platform, Edenred managed 2.5 bn transactions in 2018, representing more than € 28 bn in business volume. Edenred carries out three business lines: employee benefits, fleet & mobility solutions and complimentary solutions (corporate payment services, incentive and rewards).
Through this acquisition, Edenred, already leader in the Italian employee benefits market thanks to its Ticket Restaurant program, will step up the development of its welfare offering in the employee engagement platforms segment.
The Enterprise Value of the transaction is approximately € 53 mln.