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M&A

CELESTE

Acquired by

CVC

FRANCE Telecom EV [500m EUR - 1b EUR] 01/2026

Target

CELESTE

Acquirer

CVC

Context

CVC DIF (formerly DIF Capital Partners) acquired a majority stake (88%) in Celeste from InfraVia Capital Partners (which held the company since 2019). The transaction aims to support the next phase of the operator's growth.

CELESTE, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 13.1x average currently observed in the TMT (Tech, Media, Telecom) sector.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

A leading French B2B telecommunications operator specialized in fiber optic connectivity and secure cloud hosting. Celeste owns and operates its own national fiber-optic network (over 12,000 km) and data centers, providing high-speed internet and network security to SMEs and public institutions.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
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EBITDA
EBIT
2025
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2024
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Other operations with CELESTE

DateAcquirerTargetCountrySectorDeal Context
03/2019INFRAVIA CAPITALCELESTEFRANCETelecom

Celeste, a French telecom operator specializing in ultra-high-speed internet services for businesses, is opening up the majority of its capital to InfraVia. The company announced revenues of EUR20 million in 2018 and an EBITDA margin of close to 60%.

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.