SOGETREL acquired by LATOUR CAPITAL, BPIFRANCE & BNP PARIBAS DEVELOPPEMENT
Context
Latour Capital led the acquisition of Sogetrel from Quilvest Private Equity for an estimated valuation. This follows a period of hyper-growth where the group exceeded its 5-year business plan in just 24 months. The transaction included a significant reinvestment from the management team, led by Xavier Vignon, who retained 30% of the equity. The strategy for this new cycle focuses on continued organic growth and strategic acquisitions to diversify service offerings.
In the past, the company had already been the subject of several LBOs, notably led by Quilvest Capital Partners / Bpifrance in 2016 and Andera Partners in 2021. These multiple LBO cycles illustrate the strong appeal for this type of asset.
SOGETREL, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level as low as the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Sogetrel is a leading French specialist in the integration and maintenance of telecom networks and digital solutions. The group is a major player in the "France Très Haut Debit" plan (high-speed broadband). It has diversified into "Smart Cities" (video protection, IoT) and IP Security (access control, alarms) to prepare for the post-fiber era. At the time of the deal, it employed over 5,000 people.
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 250M - 500M EUR
EBITDA range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: bnp paribas developpement / bpifrance / latour capital