De Pardieu has advised la Caisse des dépôts et consignations (CDC), through La Banque des Territoires which brings together CDC’s in-house expertise intended for the French territories, on the entry into exclusive negotiations of DIF Capital Partners, a leading infrastructure fund manager, with TDF, a digital infrastructure and network operator, and La Banque des Territoires, for the acquisition of the TDF group’s Fiber business.

TDF Fibre is a French fiber company jointly owned by TDF (79.5%) and la Banque des Territoires (20.5%). The company operates four public-initiative networks under concession contracts, all of which are fully operational: Val d’Oise Fibre, Val de Loire Fibre, Anjou Fibre and Faucigny Glières Fibre, and one wholly-owned network: Yvelines Fibre. Thanks to its recognized expertise in the operation of very high-speed networks and, in particular, its quality of service, the company ranks among the best in the industry in France according to the ARCEP’s recent studies.

The transaction, currently under negotiation, will be subject to the information and consultation procedures of the relevant staff representative bodies, and is expected to be completed by the end of 2024, subject to the satisfaction of customary conditions precedent.