CIRCET
Acquired by
ICG
CIRCET acquired by ICG
Target
CIRCET
Acquirer
ICG
Context
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.
CIRCET, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN discount to the 13.6x average currently observed in the TMT (Tech, Media, Telecom) sector.
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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
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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)
Other operations with CIRCET
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2018 | ADVENT INTERNATIONAL | CIRCET | FRANCE | IT Services | 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. |
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