Freshfields advises Cicor Group on the acquisition of Éolane's French business activities and sites

Global law firm Freshfields advises Cicor Technologies, a leading provider in the French Electronic Manufacturing Services (EMS) market across strategic sectors such as aerospace and defence, industry and healthcare, in relation to the acquisition of significant business activities of the French Éolane Group including its sites in Angers, Combrée, Saint-Agrève, Neuilly-en-Thelle and Douarnenez (France), as well as two sites in Berrechid and Témara (Morocco).

This transaction, implemented as part of a pre-negotiated disposal plan (pre-pack) approved by the Paris Commercial Court, saves more than 890 jobs and preserves the recognised expertise of Eolane, a designer and manufacturer of high-tech electronic products, which has been experiencing significant challenges.

The acquisition is also in line with the strategy of Cicor to position Cicor as the pan-European leader in the strategic EMS sector by 2028.

The Freshfields team was led from Paris by Guilhem Bremond, partner, Antoine Rueda, counsel and Soraya Ameline, associate on the distress M&A and restructuring aspects. Yann Gozal, partner, Paul Bévierre, counsel and Rada Shakirova, associate advised on the corporate aspects. Jérôme Philippe, partner and Sofia Bekkali, counsel advised on the competition and FDI aspects. Christel Cacioppo, partner, Sarah Bassis, counsel and Matthias Triolle, associate advised on the employment aspects. A multidisciplinary team also advised on regulatory matters in the United States, the United Kingdom and Austria.