Home Database TMT (Tech, Media, Telecom)Sagemcom

07/2023MajorityLBO

Charterhouse takes majority stake in Sagemcom

FRANCE Hardware & Electronics / IT Equipment / IoT & Connected Objects EV €1–10bn

Context

Charterhouse successfully structured a massive continuation vehicle to acquire absolute majority control of Sagemcom from its tenth flagship fund, marking one of the largest single-asset GP-led transactions in Europe for 2023. Following an intensive competitive price-discovery process managed by Lazard, Charterhouse secured exclusivity to lead this new cycle alongside a powerhouse syndicate led by AlpInvest. To adequately capitalize this new phase, the transaction incorporates a sophisticated €775M "corporate hybrid" debt package (refinanced in 2022) provided by a consortium of 16 banks. This strategic structure is engineered to provide Sagemcom with a dedicated €100M M&A envelope to accelerate internal innovation and execute targeted bolt-on acquisitions, such as the recent purchase of AI-specialist Odit-e.

In the past, Sagemcom was acquired by Charterhouse in 2016 as part of its expansion strategy.

Sagemcom, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

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Target

Sagemcom is a global high-tech leader in communicating terminals with high added value. The group operates across three main markets: Broadband (gateways, routers, Wi-Fi 7), Audio & Video (STB, soundbars), and Energy & Telecom (smart meters for electricity, gas, and water). Under Charterhouse's ownership, the company has transformed into a global giant serving Tier-1 telecom operators and energy utilities worldwide.

Ent. Value

€1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

10x–18x

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2022

2021

Other operations with Sagemcom

Other operations with Sagemcom
Date	Acquirer	Target	Country	Sector
10/2016	CHARTERHOUSE	SAGEMCOM	FRANCE	IoT & Connected Objects

Other operations with Charterhouse

Other operations with Charterhouse
Date	Acquirer	Target	Country	Sector
07/2024	CHARTERHOUSE	SKIN TECH PHARMA GROUP	SPAIN	Medical Consumables
01/2024	CHARTERHOUSE	TWO CIRCLES	UNITED KINGDOM	Marketing & Events
07/2021	CHARTERHOUSE	SIACI SAINT-HONORE	FRANCE	Brokerage
07/2021	CHARTERHOUSE	LABELIUM	FRANCE	AdTech
11/2020	CHARTERHOUSE	NOVETUDE SANTE	FRANCE	Education Providers
06/2017	CHARTERHOUSE	SERB	BELGIUM	Pharma & Biotech
11/2016	CHARTERHOUSE	CASA OPTIMA	ITALY	Ingredients
10/2016	CHARTERHOUSE	SAGEMCOM	FRANCE	IoT & Connected Objects
05/2015	CHARTERHOUSE	COMEXPOSIUM	FRANCE	Marketing & Events
03/2014	CHARTERHOUSE	NUOVA CASTELLI	ITALY	Dairy

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REFERENCES

Valuation range: EV €1–10bn

Revenue range: €1–10bn

EBITDA range: €100–200M

EV/Revenue range: below 1.5x

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 Sagemcom by Charterhouse 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: sagemcom

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Sagemcom, a French company specialised in IT Equipment, by Charterhouse in 2023, structured as a leveraged buyout (LBO). This followed an earlier holding cycle initiated in October 2016, when the company was acquired by Charterhouse.

How was the acquisition of Sagemcom by Charterhouse valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €1–10bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What were Sagemcom’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Sagemcom generated annual revenue estimated in the €1–10bn range and EBITDA in the €100–200M bracket (FY 2022). 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.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.