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Announced

Amundi Private Equity-led consortium to acquire a 55% stake in Wifirst from Bolloré Group for €115m.

Financials

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Transaction Value£102m
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Internet

Acquisition

internet provider

France

Pending

Wi‐Fi

Private

Private Equity

Majority

Friendly

Synopsis

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Amundi Private Equity-led consortium to acquire a 55% stake in Wifirst, an Internet access provider specializing in Wi‐Fi technology, from Bolloré Group for €115m ($127m). Amundi Private Equity is partnering with Bpifrance and Socadif Capital Investissement to complete this transaction. "With this partnership, we have the ambition to accelerate the growth of Wifirst, with the implementation of large-scale projects, which will allow this ETI to acquire a new dimension. Our networks and financial resources will be used to promote Wifirst developments. We are delighted to play a major role in the emergence of this leading French technology company in its markets." Romain Bled, Amundi Associate Director.

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