Sopra Steria will use cash and credit facilities for Ordina acquisition

Chicago, March 21 – Sopra Steria announced that it will fund its €518 million acquisition of Ordina with cash and credit facilities, according to a press release.

The company said that the financing is already fully committed.

Sopra Steria is paying €5.75 in cash per share of Ordina.

Following completion of the transaction, pro forma leverage of Sopra Steria would be approximately 1.5x EBITDA by the end of 2023.

Closing is expected in the second half of 2023.

Axeco Corporate Finance is acting as financial adviser and Stibbe NV is acting as legal adviser to Ordina. ABN Amro is acting as independent financial adviser to the supervisory board. CFF Communications is acting as Ordina’s communication adviser.

Paris-based Sopra Steria is a consulting, digital services and software development company. Ordina advises clients on digital services.

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