Watson Farley & Williams (“WFW”) advised Crédit Agricole Corporate and Investment Bank and CA Centre France acting as arrangers, as well as a pool of banks comprising CACIB, CA Centre France, HSBC, CIC, Banque Populaire Auvergne Rhône Alpes, Banque Nuger and KBC, on the financing of the acquisition of Movianto, subsidiary of America’s Owens & Minor, by EHDH (since renamed “Walden”).
The new group introduced as “the leading European service provider in the fields of logistics and transport in the pharmaceutical sector” has a presence in 12 European countries, with 5,000 employees able to ship over 500,000 parcels each day. When the acquisition was announced at the end of January 2020, EHDH declared that the group would reach annual revenue of €1bn+ thanks to this merger (c. €650m generated by EHDH and €400m by Movianto).
The WFW Paris Finance team was led by Partner Philippe Wolanski and Senior Associate Julie-Anne Thiebaut.
