Eight Advisory supported DIF Capital Partners in their exclusive talks with TDF and Banque des Territoires

TDF Fibre is a French fibre business owned by TDF, the majority shareholder, and Banque des Territoires. The company owns four public networks under concession contracts (Val d’Oise Fibre, Val de Loire Fibre, Anjou Fibre and Faucigny Glières Fibre) and one wholly owned network (Yvelines Fibre). TDF Fibre has recognized expertise in the operation of very high-speed networks.

DIF Capital Partners is currently negotiating the acquisition of the entire share capital of TDF Fibre and Lumière Fibre, a fully owned and newly created company by TDF, that will be dedicated to engineering, maintenance, fibre roll-out and construction services. Following the proposed transaction, the TDF Group will continue to support TDF Fibre, in particular in network monitoring.

For DIF Capital Partners, the contemplated investment is part of its ongoing development in new and existing areas, by making its expertise available to local authorities, individuals and companies.

Eight Advisory team members supporting on this transaction:

• Financial due diligence: Sébastien Smercan (Partner), Franck Pignède (Director) and Mehdi Laghmiri (Manager)
• Tax due diligence, tax structuring and tax model review: Kevin Peau (Partner, Attorney at law) and Nicolas Fayol (Attorney at law)
• Carve-out assessment: Fabrizio Bertozzi (Partner) and Jonathan Plasseraud (Manager)
• Financial model review: Erwann Huon de Kermadec (Partner)