Financial DD of WiiSmile to Eurazeo
Eight Advisory performed financial due diligence work for Eurazeo PME in its acquisition of WiiSmile.
Founded in 2001, WiiSmile is a specialist in outsourced works council services for small and medium-sized companies. The group offers gift and vacation vouchers, personal and leisure services and a meal voucher offer. WiiSmile has supported more than 8,500 companies and 100,000 employees since 2001. In 2021, the group achieved annual recurring revenue of nearly 18 million euros, with average annual growth of more than 25% in recent years.
Eurazeo PME takes a majority stake in WiiSmile and invests nearly 70 million euros. NextStage AM, a financial shareholder of WiiSmile since 2020, reinvests part of its proceeds from the sale and remains a minority shareholder.
This acquisition will allow WiiSmile to accelerate the development of its client portfolio and its capacity for innovation, through the creation of new services, the conclusion of new partnerships and the acquisition of specialized players.
The Eight Advisory team was composed of Christian Berling.
