Eurazeo Invests in WiiSmile

Paris - Paul Hastings (Europe) LLP advised Eurazeo on its €70 million investment in WiiSmile, leading player in employee benefit solutions to help smaller companies attract, motivate and retain employees, alongside the company’s management team led by Sylvain Bianchini, Brice Bonnaigue and Jérôme Bourdon.

Under the agreement, Eurazeo is set to become the company’s majority shareholder. NextStage AM, a financial shareholder of WiiSmile since 2020, plans to reinvest a portion of its sale proceeds and will retain a minority stake in the company.

Founded in 2001, WiiSmile gives owners of small and medium-sized enterprises the opportunity to offer “all-in-one” solutions to their staff that promote engagement by improving quality of life for employees and their families.

Through its investment, Eurazeo aims to support WiiSmile in accelerating customer acquisition among SMEs in particular and to work alongside the company to build its capacity for innovation, by helping with the development of new services, the creation of new partnerships, and acquisitions of specialist players.

The Paul Hastings team was led by Charles Cardon (Partner) and included Jordan Jablonka and Amandine Guignard (Associates) on the corporate and contractual aspects, and Allard de Waal (Partner) and Thomas Pulcini (Of Counsel) on the tax aspects.