Carlyle Europe Technology Partners IV, a fund managed by The Carlyle Group Inc. (NasdaqGS:CG) made an offer to acquire to acquire 44.3% stake in Envea Société anonyme (ENXTPA:ALTEV) for €79.9 million on July 13, 2020. Under the terms, Carlyle will acquire 44.3% stake in Envea at €110 per share. In a related transaction, Carlyle signed an agreement to acquire a 55.7% stake in Envea from François Gourdon, and the key executives of ENVEA, additional managers or former managers of ENVEA, as well as fifteen institutional investors at €110 per share. Carlyle will acquire 0.9 million shares under the agreement, representing 64% votes and 55.7% stake in Envea. At the end of this financial transaction, Carlyle will submit a mandatory tender offer takeover bid targeting the balance of ENVEA shares. As per announcement made on September 8, 2020, through the completion of 55.7% non-market cash sale and contribution in kind of transaction, Envea's Board of Directors got changed, François Gourdon, member and Chairman of the board of directors, Charles Villet, new member, Vladimir Lasocki, new member, Christophe Chevillion, representing Envea Global, member of the board of directors and Cyril Bourdarot, new member of the board of directors. Resigning directors are, Évelyne Gourdon, Daniel Moulène and Claudio Lepore, ENVEA remains managed by the entire management team in place, of whichChristophe Chevillion continues to exercise general management. Carlyle Europe Technology Partners IV does not intend to implement a compulsory withdrawal at the end of the public offer. The public offer could close in the fourth quarter of 2020. As of November 27, 2020 the offer will be closed on December 16, 2020.

EC M&A acted as financial advisor and Laurent Bensaid, Aurelia de Viry, Ruxandrea Lazar, Anne Vrignaud, Alexis Early, Julien Vicariot and Christine Savage of King & Spalding LLP acted as legal advisor to Envea. Rothschild & Co SCA (ENXTPA:ROTH) acted as financial advisor to The Carlyle Group and Xavier Norlain, Jérémy Scemama, Alice Magnan, Edouard Sarrazin, Céline Espesson, Fanny Combourieu, Gwenaël Kropfinger and Maud Manon of DLA Piper France LLP as financial advisors and legal advisors respectively.

Carlyle Europe Technology Partners IV, a fund managed by The Carlyle Group Inc. (NasdaqGS:CG) completed the acquisition of 44.3% stake in Envea Société anonyme (ENXTPA:ALTEV) in September, 2020.