Insiders

Butler Industries joins Onepoint in Atos rescue consortium

April 07, 2024 at 03:12 pm EDT

PARIS (Reuters) - Paris-based Butler Industries is joining a consortium to rescue distressed IT consulting firm Atos, the company's leading shareholder Onepoint said on Sunday in a statement.

Onepoint, which holds 11.4% of Atos, said last month it was ready to invest and organise the group's capital restructuring to protect the integrity of its assets after planemaker Airbus pulled the plug on a deal to buy the ailing company's cybersecurity assets.

The consortium's ambition is "to make Atos the European platform for digital, cybersecurity and artificial intelligence, and the leading European cloud operator," the Sunday statement read.

David Layani, chief executive of Onepoint, said he was pleased to have the support of investor Walter Butler, the founder of Butler Industries.

"He's strengthening our OneAtos project," Layani said.

Saddled with almost $5 billion in debt, Atos will hold a call with its creditors on April 8 as part of its debt restructuring talks.

Atos' cybersecurity unit is home to some of France's strategic assets, including cybersecurity for the upcoming Paris Olympic Games, and authorities have said they are looking at legal ways to keep it under French control.

(Writing by Juliette Jabkhiro; Editing by Andrew Cawthorne)

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	AIRBUS SE	155.9 EUR	-0.74%	-3.43%	133B
	ATOS SE	2.274 EUR	+19.18%	+18.65%	226M

Walter Butler

Walter Butler is President and founder of Butler Capital Partners, a French investment company specialized in LBO operations.

Arrived in France from Brazil, when he was seven years old, Walter Butler was educated in Bordeaux. He obtained a Master in law at “Institut d'études Politiques”. In 1980, he had joined the famous school ENA and began his financial path.

In1986, he became advisor of François Leotard, the Culture’s Ministry, and he takes part in TF1 (first French TV channel) privatization.
Two years later, was recruited by Goldman Sachs, as Executive Director specialized in mergers and acquisitions before in New York and then in London.

In 1990, he founded the investment fund ESI, and he bought shares in many societies as “Le Bottin mondain”. In 1991 the fund had become Butler Capital Partners and it specialized in the recovery of enterprises on the edge of default.

In his curriculum we can find, the recovery of the advertising group BDDP and transport company Giraud International. The most people discover Walter Butler, when he buys share in Football team PSG and in shipping company SNCM.

In early 2008, Butler Capital Partners concluded the purchase of majority interest in Virgin Group owned by Lagardère Group.

View full profile

Linked companies
Butler Capital Partners SA Butler Capital Partners SA Investment ManagersFinance Butler Capital Partners SA (BCP) is an independent privately-owned private equity investment firm established in 1991 and located in Paris. Their clientele is international.	Chief Executive Officer
WB Finance et Partenaires SA	Chief Executive Officer