How Alex Legal helps Trigo manage its equity structure

Elisabeth Thoral
Elisabeth Thoral
Compliance Manager
Trigo
#groupe
#registres

Trigo is an international group specialising in operational quality management for industry, present in 28 countries and employing over 10,000 people worldwide. With its fourth LBO underway, the group's legal management has had to adapt to complex challenges.

A group going through an LBO must have its equity structure absolutely right. Alex Legal allows us to do that with complete confidence and great precision.

Challenge

Trigo is a group specialising in operational quality management for industry. The group is present in 28 countries and employs over 10,000 people worldwide.

The group is in its fourth LBO and the legal department is responsible for managing entities, particularly management incentive vehicles (ManCo), which are complex structures with many shareholders and a high frequency of transactions. The group must ensure precise management of shares, maintain an up-to-date capitalisation table and guarantee the compliance of each share movement. Trigo has over a hundred shareholders scattered around the world, making Excel-based management obsolete and inefficient.

Trigo has over 100 shareholders and manages its general meetings and share movements via Alex Legal.

The Solution

With Alex Legal, Trigo was able to:

  1. Digitise the share transfer register – No more Excel spreadsheets. All information is centralised and accessible in real time.

  2. Automate the drafting of corporate documentation – Notices of meeting, proxies, attendance sheets, minutes… are drafted automatically and without errors.

  3. Outsource filings – Alex Legal took charge of all administrative filings, considerably lightening the legal department's workload.

Onboarding

Trigo's legal department was able to count on the Alex teams to support them through the migration — particularly in reconstructing the share transfer registers. The provision of experienced lawyers enabled particularly complex registers to be reconstructed quickly.

The transition to Alex Legal enabled Trigo to reduce by 50% the time needed to prepare general meetings and manage share movements.

The Extra Touch

The automation of accounting calculations and alerts in the event of insufficient legal reserve provision saved the Corporate team enormous amounts of time.

3 Benefits of Alex

  • Process automation – Greater speed and fewer errors in managing share movements.

  • Centralisation of information – Immediate and up-to-date access to equity information, simplifying relations with shareholders.

  • Reduction of administrative filings – Complete outsourcing of administrative tasks, lightening the legal department's workload.

Conclusion

Alex Legal has enabled Trigo to modernise the management of its equity structure and better meet the specific needs of a group going through an LBO. By automating key processes and centralising information, Trigo can now focus on more important strategic issues.