At what enterprise value was CIRCET acquired in 2018?

During the acquisition of CIRCET by ADVENT INTERNATIONAL in 2018, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CIRCET when it was acquired by ADVENT INTERNATIONAL?

The estimated EV/EBITDA multiple for CIRCET is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.3x. Join our community for free to access full valuation data and industry trends.

When was CIRCET acquired by ADVENT INTERNATIONAL?

CIRCET was acquired by ADVENT INTERNATIONAL in 2018.

What was the revenue of CIRCET at the time of the deal?

The revenue of CIRCET at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CIRCET during the acquisition?

CIRCET's EBITDA is estimated to be in the range of 100M - 200M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CIRCET acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CIRCET deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cfnewsinfra.net/L-actualite/LBO/LBO-ter/Circet-valorise-plus-de-3-Md-437452

← DATABASE

Home Database TMT (Tech, Media, Telecom)CIRCET

04/2018

CIRCET acquired by ADVENT INTERNATIONAL

FRANCE IT Services EV 1b - 4b EUR

Context

Advent International, a global leader in private equity, has finalized the acquisition of Circet, the top French provider of telecommunications infrastructure services. Advent becomes the majority shareholder, facilitating the exit of CM-CIC Investissement, Omnes Capital, and the company's founders. The transaction was carried out alongside President Philippe Lamazou and the existing management team, who are reinvesting to support a new European expansion phase.

CIRCET, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.3x).

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.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

The leading European provider of telecom infrastructure services. Circet specializes in the design, deployment, installation, and maintenance of fixed and mobile telecom networks (fiber optics, 5G). It serves telecom operators, local authorities, and equipment manufacturers.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with CIRCET

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
05/2021	ICG	CIRCET	FRANCE	IT Services	ICG acquired a majority stake (slightly over 50%) in Circet from Advent International, in a deal valuing the company at over EUR3.2 billion. The management team reinvested significantly to hold more than 40% of the capital. This third LBO aims to accelerate Circet's international expansion, particularly in the US, and support the deployment of 5G and fiber across Europe.

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

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

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: advent international