At what enterprise value was CIRCET acquired in 2018?

During the acquisition of CIRCET by ADVENT INTERNATIONAL in 2018, the transaction's Enterprise Value is estimated to be in the range of €1–10bn.

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.

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

The estimated EV/Revenue multiple for CIRCET is in the range of 1x - 3x.

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 €450–900M.

What was the EBITDA of CIRCET during the acquisition?

CIRCET's EBITDA is estimated to be in the range of €100–200M.

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

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 14.6x.

← DATABASE

Home Database TMT (Tech, Media, Telecom)CIRCET

04/2018

CIRCET acquired by ADVENT INTERNATIONAL

FRANCE IT Services EV €1–10bn

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 [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).

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

Target

Circet is a leading European provider of telecom infrastructure services. Founded in the 1990s and headquartered in Solliès-Pont, Var, the group supports telecom operators, equipment manufacturers, local authorities, and infrastructure owners in the deployment, maintenance, and operation of fixed and mobile telecommunications networks. The company operates across the entire telecom infrastructure value chain, from network design and engineering to construction, connection, and maintenance. Its activities encompass the rollout of fiber optic networks, 4G and 5G mobile networks, as well as infrastructure associated with large-scale digital transformation programs.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

Other operations with CIRCET

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Date	Acquirer	Target	Country	Sector
05/2021	ICG	CIRCET	FRANCE	IT Services

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06/2017	EVERNEX	TTS FRANCE	FRANCE	IT Services
07/2016	EQUISTONE / GEI	ADISTA	FRANCE	MSP (Managed Services)
06/2016	RANDSTAD	AUSY	FRANCE	Consulting & Integration

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
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05/2025	ADVENT INTERNATIONAL	KEREIS	FRANCE	Brokerage
06/2023	ADVENT INTERNATIONAL	PARFUMS MARLY & INITIO	FRANCE	Hygiene & Beauty Brands
04/2022	ADVENT INTERNATIONAL	IRCA	ITALY	Ingredients
11/2021	ADVENT INTERNATIONAL / PERMIRA / CROSSPOINT CAPITAL PARTNERS	MCAFEE	UNITED STATES	Software
10/2021	ADVENT INTERNATIONAL / EURAZEO	PLANET PAYMENT	IRELAND	Fintech & Payments
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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €450–900M

EBITDA range: €100–200M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

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

Target: circet

Acquirer: advent international

CIRCET acquired by ADVENT INTERNATIONAL

Context

Target

Multiples

Historical Financials (EUR)

Other operations with CIRCET

Other operations with CIRCET

Similar deals in IT Services

Other operations with ADVENT INTERNATIONAL