Sandton Capital Partners LLC agreed to acquire Adveo France S.A.S., Adveo Italia Srl, ADVEO BELGIUM NV/SA and Adveo Global Services, S.L. from Adveo Group International, S.A. (BME:ADV) for approximately €170 million on January 2, 2019. The purchase price can vary between €13.3 and €15.5 million, and, in addition, financial debt amounting to about €150 million will be transferred to Sandton Capital Partners LLC on closing. On completion, Sandton Capital Partners LLC will provide a bridge loan facility of up to €5.5 million to Adveo Group International, S.A., which will be deducted from the purchase price to be paid at closing. The transaction is subject to the dation in payment to the Banks of the four Adveo Group’s properties located at Tres Cantos (Madrid), Logroño (La Rioja), Aduna (Guipúzcoa) and Deinze (Bélgica), with a total book value of €26 million, the granting by the lending banks of a call option to Sandton Capital Partners LLC on the remaining financial debt in force, interests and costs included, once deducted the amount of the dation in payment and certain credit priorities in relation with the guarantees package, other than mortgages on the aforesaid properties, in favor of the bridge loan that Sandton Capital Partners LLC will grant, authorization of all the elements of the transaction by the judicial receiver and/or, when appropriate, the competent Court, confirmatory due diligence by Sandton during 10 working days since the call option is granted and the execution of the transaction’s documentation. As of May 16, 2019, Sandton Capital Partners LLC has received approval for the acquisition of Adveo France and ADVEO BELGIUM. As of May 16, 2019, Sandton Capital had obtained from the Spanish judicial authorities in charge of the management of the group the transfer of the securities of the three subsidiaries. Laurent Cotret, Olivier Moriceau, Leslie Ginape and Philippe Lorentz of August Debouzy acted as legal advisor to Sandton Capital Partners LLC. Cuatrecasas, Gonçalves Pereira, S.L.P., AKD N.V. and White & Case LLP Avocats-Advocaten acted as the legal advisors to Sandton Capital Partners. Sandton Capital Partners LLC completed the acquisition of Adveo France S.A.S., ADVEO BELGIUM NV/SA and Adveo Global Services, S.L. from Adveo Group International, S.A. (BME:ADV) on May 28, 2019.