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Announced

ICG to acquire a majority stake in Circet from Advent International for $3.73bn.

Financials

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Transaction Value£2,784m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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telecommunications networks

Private

France

Acquisition

Pending

Telecommunications Equipment

Cross Border

Single Bidder

Majority

Friendly

Private Equity

Synopsis

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Intermediate Capital Group, a global alternative asset manager, offered to acquire a majority stake in Circet, a telecommunications network service provider, from Advent International, for $3.73bn. “We are proud to have helped Circet develop into not only a French champion but also the undisputed leader in telecom infrastructure services in Europe. This journey is emblematic of Advent’s DNA: supporting visionary management teams, which have strong ambitions to grow and transform their sectors,” Michael Ogrinz, Advent Partner and Head of France.

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