Paris—The deal follows a successful initial fundraising by the French national very high speed infrastructure operator from DIF Capital Partners in July 2020. Dentons Paris already advised ielo and its founding shareholders on this deal.

This structured financing of €208 Million from leading international banks reaffirms the operator's position in the Enterprise Telecom market and will support its growth and the development of the infrastructure needed to digitize businesses and regions over the next five years. ielo is thus reaffirming its position as a benchmark and trusted neutral infrastructure operator in the market.

Since raising funds from DIF Capital Partners in 2020, ielo has recorded continuous growth of 33% per year and has increased the size of its metropolitan network tenfold and created its own national long-distance network.

Dentons Paris advised ielo and its shareholders on the corporate aspects of the deal with a team composed of Olivia Guéguen, partner Head of the Corporate M&A group in Dentons Paris, Pierre-Marie Gallo and Elodie Mallet, and for tax issues Jérôme Le Berre, Partner, and David Lévy, counsel.

Latham & Watkins acted for ielo on the financing aspects and A&O Shearman advised the lenders.

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