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.
Talk to the deal team
Related deals
Dolmans Landscaping Group has welcomed Foreman Capital as a new shareholder to support further growth
Dolmans Landscaping Group, a leading full-service provider of landscaping services, has welcomed Foreman Capital as a new shareholder. By partnering with Foreman Capital, which has extensive experience in building stronger companies in the maintenance of public spaces, Dolmans can accelerate its growth trajectory across core verticals and further professionalize the business.
Learn moreMiddlecon has been acquired by Nion
Middlecon has been acquired by Nion, a digital consultancy backed by Stella Capital. The acquisition strengthens Nion’s capabilities in data management and advanced analytics, enabling it to undertake larger and more complex data-driven initiatives for its customers. The partnership with Nion provides Middlecon with a strong foundation for continued growth and expansion.
Learn morePresight Solutions has been acquired by Banyan Software
Banyan Software, a leading acquiror and operator of mission-critical software businesses, has entered Norway with the acquisition of Presight Solutions AS, a SaaS company delivering advanced software for safety, operational integrity and regulatory compliance in high-risk industries. The transaction marks a new chapter for Presight, strengthening its ability to scale while preserving the product focus, sector expertise and customer trust built since its founding in 2003.
Learn more