Home Database TMT (Tech, Media, Telecom)Sagemcom

10/2016MajorityLBO

Charterhouse takes majority stake in Sagemcom

FRANCE Hardware & Electronics / IT Equipment / IoT & Connected Objects EV €300–700M

Context

Charterhouse has successfully completed the acquisition of a 70% majority stake in Sagemcom from The Carlyle Group, marking a significant secondary leveraged buyout in the European technology sector. This transaction allows Sagemcom to embark on a new growth cycle focused on the proliferation of connected devices and the global transition to smart utility infrastructure. Following a period of tracking the asset for several years, Charterhouse secured exclusivity to partner with the existing management team, led by Patrick Sevian. To adequately capitalize this entry, the deal structure was supported by a syndicate of six banks. This strategic partnership is strictly engineered to accelerate Sagemcom's R&D capabilities and consolidate its leadership in the broadband and energy markets.

The acquisition of Sagemcom is part of the growth strategy of Charterhouse, which already has several external growth operations under its belt, notably Comexposium in 2015.

Sagemcom, which reported an EBITDA margin of [members only] in 2016, 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

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2016

2015

Other operations with Sagemcom

Other operations with Sagemcom
Date	Acquirer	Target	Country	Sector
07/2023	CHARTERHOUSE	SAGEMCOM	FRANCE	IoT & Connected Objects

Other operations with Charterhouse

Other operations with Charterhouse
Date	Acquirer	Target	Country	Sector
07/2023	CHARTERHOUSE	SAGEMCOM	FRANCE	IoT & Connected Objects
07/2021	CHARTERHOUSE	LABELIUM	FRANCE	AdTech
07/2021	CHARTERHOUSE	SIACI SAINT-HONORE	FRANCE	Brokerage
11/2020	CHARTERHOUSE	NOVETUDE SANTE	FRANCE	Education Providers
06/2017	CHARTERHOUSE	SERB	BELGIUM	Pharma & Biotech
11/2016	CHARTERHOUSE	CASA OPTIMA	ITALY	Ingredients
05/2015	CHARTERHOUSE	COMEXPOSIUM	FRANCE	Marketing & Events
03/2014	CHARTERHOUSE	NUOVA CASTELLI	ITALY	Dairy
03/2014	CHARTERHOUSE	SKILLSOFT	IRELAND	EdTech & Content
07/2013	CHARTERHOUSE	DOC GENERICI	ITALY	Generics / Labs

Similar deals in Hardware & Electronics

Similar deals in Hardware & Electronics
Date	Acquirer	Target	Country	Sector
05/2018	THE CARLYLE GROUP	HGH SYSTÈMES INFRAROUGES	FRANCE	Sensors & Optics
12/2017	LBO FRANCE	CROUZET	FRANCE	Sensors & Optics
10/2016	ANDERA PARTNERS	ACB GROUP	BELGIUM	Electronic Components
06/2015	ALLEGION	SIMONSVOSS TECHNOLOGIES	GERMANY	IoT & Connected Objects
05/2014	ANDERA PARTNERS	GROUPE PASSMAN	FRANCE	IT Equipment
04/2014	PAI PARTNERS / THE CARLYLE GROUP	INNOVISTA (EX CST)	FRANCE	Sensors & Optics
01/2012	ARKEA CAPITAL	ACB GROUP	BELGIUM	Electronic Components
07/2010	PUBLIC MARKETS (IPO)	SMART TECHNOLOGIES	CANADA	IT Equipment
05/2010	HG CAPITAL	SIMONSVOSS TECHNOLOGIES	GERMANY	IoT & Connected Objects
04/2010	SIPAREX / RHÔNES-ALPES PME	GROUPE PASSMAN	FRANCE	IT Equipment

REFERENCES

Valuation range: EV €300–700M

Revenue range: €1–10bn

EBITDA range: €50–100M

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 2016, structured as a leveraged buyout (LBO). Ownership has since evolved, leading to a subsequent transaction with Charterhouse in July 2023 (see the dedicated deal page for details).

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

mynth displays the transaction’s enterprise value within the €300–700M 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 €50–100M bracket (FY 2016). 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.