The Office Times
Office And Times Advertisement

ADVEO accepts offer for operations in France, Belgium and Italy

ADVEO has accepted a binding offer from American private equity group Sandton Capital Partners for its subsidiaries in France, Belgium and Italy as well as ADVEO Global Services for between 13.3 and 15.5 million euros.

ADVEO’s operations in France, Belgium and Italy have continued to perform well despite the difficulites faced by the group as a whole. The offer by Sandton excludes Spain, Portugal and Germany as well as ADVEO Digital Systems and ADVEO International.

After the transaction, Sandton Capital will become the owner of financial debt amounting to about 150 million euros. In addition, Sandton will immediately make available 5.5 million euros as part of a bridge loan to Adveo International.