{"id":24972,"date":"2026-03-17T09:00:00","date_gmt":"2026-03-17T08:00:00","guid":{"rendered":"https:\/\/www.cvs-avocats.com\/?p=24972"},"modified":"2026-04-01T10:07:56","modified_gmt":"2026-04-01T08:07:56","slug":"working-alongside-sd-worx-on-the-acquisition-of-the-payroll-hr-group","status":"publish","type":"post","link":"https:\/\/www.cvs-avocats.com\/en\/working-alongside-sd-worx-on-the-acquisition-of-the-payroll-hr-group\/","title":{"rendered":"Working alongside SD Worx on the acquisition of the Payroll & HR Group"},"content":{"rendered":"\n
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Founded in 2009 by Nicolas Pironneau and Florent de Stampa, the Paie & RH Group offers software solutions and consultancy services to HR managers, payroll outsourcing services and a training academy. The group, which has 130 employees and generated \u20ac9 million in revenue in 2024 from 1,100 clients, has offices in Anglet, Bordeaux, Hossegor, Mont-de-Marsan and Pau. It has recently launched operations in Spain, and Paie & RH Solutions is a minority shareholder in the start-up Yeap, a payroll software provider to which the Paie & RH Group has migrated its entire client base.<\/p>\n\n\n\n

This acquisition strengthens SD Worx\u2019s position in the segment of companies with 100 to 1,000 employees and consolidates its regional network in south-western France. It forms part of the group\u2019s ambition to triple its turnover in France by 2030, starting from a base of \u20ac35 million in 2024 (excluding acquisitions). In total, SD Worx employs 350 people in France, based in Paris, Bayonne and Nantes.<\/p>\n\n\n\n

Operating in 27 countries, the Belgian group has nearly 10,000 employees and generated nearly \u20ac1.3 billion in revenue worldwide in 2025. It is backed by minority stakes from the CVC and M80 Partners funds, through its holding company WorxInvest.<\/p>\n\n\n\n

A team led by Alexis Marchand, a partner at Cornet Vincent S\u00e9gurel, advised SD Worx on the legal structuring of this transaction.<\/p>\n\n\n\n

Stakeholders<\/h2>\n\n\n\n

Target company:<\/strong> Paie & RH Solutions<\/p>\n\n\n\n

Purchaser: <\/strong>SD Worx<\/p>\n\n\n\n

Transferor: <\/strong>NF D\u00e9veloppement (Nicolas Pironneau et Florent de Stampa)<\/p>\n\n\n\n

<\/div>\n\n\n\n

Advisory<\/h3>\n\n\n\n

Solicitor For The Buyer and Legal Due Diligence:<\/strong> Cornet Vincent S\u00e9gurel (Alexis Marchand, Alexandra Thil, Ornella Costa-Henriques)<\/p>\n\n\n\n

Tax Due Diligence: <\/strong>BDO Avocats (Sacha Boksenbaum, Bo Finkel)<\/p>\n\n\n\n

Financial Due Diligence: <\/strong>BDO (Nils Michiels, Pascal Ripaux, Nicolas Martinon)<\/p>\n\n\n\n

Evaluation Consultancy:<\/strong> BDO (Olivier Bertron, Maxence V\u0153gel\u00e9)<\/p>\n\n\n\n

Selling solicitor: <\/strong>ABL associ\u00e9s(Catherine Batut, Clotilde Baraille)<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

The Belgian payroll and human resources services provider SD Worx is continuing its expansion in France with the acquisition of the Paie & RH group, a company based in south-west France specialising in payroll management and HR solutions. This move follows the acquisition of Socialea last July and brings SD Worx\u2019s pro forma turnover in France to \u20ac44 million.<\/p>\n","protected":false},"author":16,"featured_media":24583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[16,14],"tags":[],"class_list":["post-24972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communique","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts\/24972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/comments?post=24972"}],"version-history":[{"count":0,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/posts\/24972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/media\/24583"}],"wp:attachment":[{"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/media?parent=24972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/categories?post=24972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cvs-avocats.com\/en\/wp-json\/wp\/v2\/tags?post=24972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}