Alyotech SAS has sold Avance Group B.V. to the management of Avance Group
The founder and current manager of Avance Group B.V. (Avance) has bought back the company from Alyotech SAS.
Avance was founded in 1991 by its current manager. In 2007, 51% of the shares in Avance were bought by the France-based Alyotech. Alyotech increased its shareholding to 84% in subsequent years. The remaining 16% of the shares were held by the founder and current manager and his affiliates.
After the acquisition by Alyotech, Avance expanded its business through the acquisition of several industry peers and companies active in related sectors.
In 2013, the shareholders of Alyotech instigated a sales process for the Alyotech group.
Oaklins' teams in the Netherlands and France acted as exclusive M&A advisors to the shareholders of Alyotech. The French team ensured smooth communication and coordinated with the shareholders of Alyotech, and the Dutch team managed the communication with the manager of Avance and prepared the marketing materials.
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