Eight Advisory performs financial and tax due diligence for Montefiore in connection with the acquisition of Sade Telecom

8 December 2020

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Eight Advisory performed the financial and tax due diligence for Montefiore in the context of the acquisition of Sade Telecom from Veolia.

Sade Telecom was a subsidiary of Veolia with 2,300 employees and revenues of approximately €300 million in 2019. Sade Telecom is involved in the construction, operation and maintenance of wireline, wireless and electrical networks.

Montefiore Invesment, an investment fund, will hold a majority stake in Sade Telecom alongside the management team. The objective is to double the size of Sade Telecom within 15 years.

Eight Advisory worked on the financial due diligence part, the team was composed of Eric Demuyt, Mathieu Morisot and Louis Legros.

Eight Advisory worked on the carve-out and IT due diligence, the team was composed of Stéphane Nénez, Nicolas Cohen-Solal and Jean Christophe Fuzzati.

Eight Advisory Avocats worked on the tax due diligence part, the team was composed of Guillaume Rembry and Baptiste Gachet.