Press Release February 11, 2020

Glory Global Solutions Acquires Majority Stake in Acrelec Group SAS

Led by the Paris Private Equity team, Goodwin assisted the shareholders of Acrelec Group SAS on Glory Global Solutions’s significant investment in Acrelec. The equity participation by Glory is subject to prior review by Acrelec's employee representatives and relevant antitrust authorities. Acrelec's teams, plants and offices in France and abroad will continue to operate and remain unchanged.

As a key player in the field of interactive self-service solutions for the fast-food and retail sectors, Acrelec supports its customers throughout the transformation processes and advises clients on both digitization of their stores and automation of all their connected activities. The company is based in Saint-Thibault-des-Vignes, France, and operates in 14 countries. Its customers include major international brands such as McDonald's, Burger King, KFC, Walmart, Carrefour and Auchan. To date, it has installed more than 40,000 of its systems in over 70 countries.

The Goodwin team was led by Thomas Maitrejean, Simon Servan-Schreiber and Sarah Paquay (Private Equity) and Charles-Henri de Gouvion Saint-Cyr (Tax) and included London’s Katie Leah and Tessa Agar (Tax).

For additional details on the investment, please read the press release.