FR & USA
2022
BUY-SIDE
The LABRADOR group is a specialist in financial and extra financial (ESG) information transparency LABRADOR group, founded and headed by Laurent Rouyrès and headquartered in Paris, France, is a leading global communication firm specializing in corporate disclosure documents.
The group has been assisting listed companies in communicating and developing financial and non-financial documents (URD, ESEF, DPEF, CSR, climate reports, etc.) for 30 years. LABRADOR has become the French leader in this market with a positioning focused on the transparency of financial and extra-financial information.
Thanks to its unique know-how, the group has established long-term relationships with blue chips companies: Société Générale, Publicis Groupe, EDF, Airbus, Engie, Sanofi, Veolia.
Since 2010, LABRADOR has also developed a very successful subsidiary in the United States with customers such as Delta, Google/Alphabet, Caterpillar, Activision, Moderna.
Argyle is a leading advisory and creative services provider for US public company shareholder communications.
Founded in 2014, Argyle is experiencing robust growth in the U.S. market with approximately 130 clients in 2022. Argyle’s client list includes the world’s top corporate issuers and comprises a meaningful share of the Fortune 50, 100, 250, and 500 such as Coca-Cola, HP, Citi, Walmart, 3M, Levi’s.
With the acquisition of Argyle, the LABRADOR group is achieving its strategic priority to create a multinational company with offices in Paris, Atlanta, New York and ManilaLABRADOR and Argyle, with 91 and 200 employees respectively, share the same DNA and the same vision of transparency: “Our mission is Transparency by design. It’s not magic: it’s a requirement and a working method. Argyle has exactly that culture. As such, we are already part of the same family,” explains Laurent Rouyrès, President of the LABRADOR group. Iain Poole, Founding managing director of Argyle comments: ” We are pleased to see Argyle now combined with LABRADOR. Joining LABRADOR is an obvious choice on a human and strategic level. Not only do we share the same vision and the same values, but we also have a tremendous complementarity to exploit, in our expertise as well as in our operations.”
This acquisition represents a decisive step in the Group’s growth. LABRADOR is now the independent leader in regulated information for listed companies in France and the United States. It also reinforces and strengthens its expertise in a context where issuing companies are increasingly subject to detailed reporting on their activities, not only in terms of financial information but also in terms of social, societal and governance issues.
The LABRADOR group now supports more than 2 out of 3 companies in the French SBF 120 and more than 1 out of 2 companies in the American Fortune 100.
LINKERS, one of our Partners in France and FOCUS, our partner in the USA, acted as M&A advisors to the LABRADOR group.
The M&A Worldwide’s French Member LINKERS (Michèle Fine and Jérôme Luis) and American Member FOCUS Investment Banking (Rick Thomas and Cyril Schlup) worked together and advised LABRADOR group on this strategic and transatlantic external growth deal.
The transaction is entirely financed by debt with a banking group arranged by BNP-Paribas and Société Générale* for a total amount of 23 million.