CDI France was engaged to sell AIC Telecom to Lyon-based LASOTEL Group
CDI France was engaged to sell AIC Telecom to Lyon-based LASOTEL Group and develop a consolidated IM on the business, identifying the strengths of a highly diversified business.
The Lyon-based LASOTEL Group, with the assistance of its financial shareholder BPI, started a strategy of acquisitions to consolidate its activity in France and reach €10 million turnover in 2020. AIC TELECOMS, a leading telecommunication operator in the French Rhône Alpes Area which cooperate with national telco providers such as Orange and SFR, was its first acquisition and will foster its development in the Auvergne-Rhone Alpes region.
Under the arrangement, AIC founder and CEO will head the operation for a minimum of one year. However, he will seek to employ a CEO within 12 months.
CDI France faced challenges in finding the right buyer given the diversified nature of the operations. A long DD and legal process ensued following agreed terms; the length of this DD & legal process was heightened given the complexities of the market.
"We are extremely pleased for both parties to have reached an agreement and conclusion on this deal. Whilst it was a long and arduous process, everyone involved needs to be commended on their efforts. We are very happy for AIC Telecom's CEO on his successful exit, and are excited to see what the LASOTEL team will bring to this great company over the coming years," said Didier Raspaud CDI Paris France managing partner
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