Siparex invests in Alcatraz IT

FRANCE Telecom / Operators REV €5–25M

Context

Siparex Entrepreneurs has acquired a minority stake in Alcatraz IT, marking the first time the company has opened its capital to a private equity firm. The founder, Xavier Lafaure, remains the majority shareholder and continues to lead the company. The partnership is designed to support the operator’s ambitious growth trajectory in the competitive B2B telecom market. By leveraging Siparex’s network and financial backing, Alcatraz IT aims to expand its nationwide backbone and enhance its service offering in cybersecurity and unified communications. At the time of the investment, Alcatraz IT reported a turnover of €5.6 million for the 2020 fiscal year.

By taking control of Alcatraz IT, Siparex continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Winncare in 2021.

Alcatraz IT, which reported an EBITDA margin of [members only] in 2020, is valued in this transaction at an EV/EBITDA multiple of [members only].

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Target

Alcatraz IT is an alternative B2B telecommunications operator specializing in critical business infrastructure. The company provides a comprehensive suite of services including high-speed connectivity (Internet and IP transit), private MPLS networks, secure remote access, and IP telephony. Additionally, it offers managed security services (firewalls), private messaging, and data center hosting. Alcatraz IT operates its own national backbone across France and serves a rapidly growing portfolio of over 300 corporate clients. Its value proposition is built on providing secure, unified communications and robust network performance for enterprises requiring high availability and data sovereignty.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with Alcatraz IT

Other operations with Alcatraz IT
Date	Acquirer	Target	Country	Sector
10/2023	KOESIO	ALCATRAZ IT	FRANCE	Operators

Other operations with Siparex

Other operations with Siparex
Date	Acquirer	Target	Country	Sector
10/2025	SIPAREX / BPIFRANCE	BRIFER (LA FERROVIAIRE DE LA BRIE)	FRANCE	Railways
04/2025	SIPAREX	NOOUS	FRANCE	Recruitment / Headhunting
03/2025	SIPAREX	LABORATOIRE POLIDIS	FRANCE	Medical Consumables
07/2023	SIPAREX	GROUPE PASSMAN	FRANCE	IT Equipment
05/2023	SIPAREX	SODIKART	FRANCE	Cycling & Micromobility
02/2021	SIPAREX	WINNCARE	FRANCE	Medical Devices
05/2020	SIPAREX / BPIFRANCE	GROUPE TOP CHRONO	FRANCE	Last Mile Delivery
08/2019	SIPAREX	CLAYENS GROUP	FRANCE	Plastics
09/2013	SIPAREX	MEDIASCIENCE	FRANCE	Educational Equipment
04/2010	SIPAREX / RHÔNES-ALPES PME	GROUPE PASSMAN	FRANCE	IT Equipment

Similar deals in Telecom

Similar deals in Telecom
Date	Acquirer	Target	Country	Sector
03/2022	APAX PARTNERS / WARBURG PINCUS	ODIDO	NETHERLANDS	Operators
09/2021	ILIAD GROUP	UPC POLAND	POLAND	Operators
03/2021	MASMOVIL	EUSKALTEL	SPAIN	Operators
02/2021	CABLE ONE	HARGRAY COMMUNICATIONS	UNITED STATES	Operators
01/2021	ICON INFRASTRUCTURE	BORNFIBER	GERMANY	Operators
11/2020	CINVEN / KKR / PROVIDENCE EQUITY PARTNERS	MASMOVIL	SPAIN	Operators
11/2020	ORANGE	TELEKOM ROMANIA COMMUNICATIONS	ROMANIA	Operators
09/2020	ILIAD GROUP	PLAY	POLAND	Operators
04/2020	MONACO TELECOM	VODAFONE MALTA	MALTA	Operators
09/2019	AMUNDI PRIVATE EQUITY / BPIFRANCE / SOCADIF	WIFIRST	FRANCE	Operators

REFERENCES

Revenue range: REV €5–25M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Alcatraz IT by Siparex are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: alcatraz it

FAQ

What transaction does this page cover?

This page covers the acquisition of a minority stake in Alcatraz IT, a French company specialised in Operators, by Siparex in 2021. Ownership has since evolved, leading to a subsequent transaction with Koesio in October 2023 (see the dedicated deal page for details).

What was Alcatraz IT’s revenue at the time of the deal?

At the time of the transaction, Alcatraz IT’s annual revenue was estimated within the €5–25M range (FY 2020). Detailed financial figures are available to members.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

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