January 24, 2022

Eight International advised Bain Capital and NB Renaissance in obtaining exclusive rights to acquire Inetum from Qatar-based industrial holding company Mannai Corporation.

The proposed disposal would comprise all of the shares of Inetum S.A. held by Mannai Corporation QPSC which represent circa 99% of Inetum S.A.’s share capital on a non-diluted basis. 

Mannai Corporation QPSC is a diversified publicly listed conglomerate spanning the key industry and services sectors. Created 70 years ago and headquartered in Doha, Qatar, the group has grown over the years through a business portfolio and geographical diversification strategy. Today, the core activities of the group include information and communication technology, automotive distribution, jewellery retailing, heavy equipment distribution and services and engineering services to the oil and gas sector.

Inetum is an agile IT services company that provides digital services and solutions, and a global group that helps companies and institutions to get the most out of digital flow. In a context of perpetual movement, where needs and usages are constantly being reinvented, the Inetum group is committed towards all these players to innovate, continue to adapt, and stay ahead. With its multi-expert profile, Inetum offers its clients a unique combination of proximity, a sectorial organisation, and solutions of industrial quality. Operating in more than 26 countries, the Group has nearly 27,000 employees and in 2020 generated revenues of €1.966 billion.