Advent International becomes the principal shareholder of the Circet Group alongside its management.
On 26 April 2018, Advent International, a global leader in equity financing, finalized the acquisition of the Circet Group from CM CIC Investissement, ex-majority shareholder, and from Omnes Capital, the founders and managers of the company. Through this transaction, made jointly with Circet's Chairman Philippe Lamazou and his management team, the company embarks on a new stage in the development of telecoms services in France and Europe. The constantly increasing consumption of data, the large-scale deployment of fibre-optic networks and regular investment in mobile infrastructures represent unique opportunities underpinning Circet's ambitious growth plan.
Circet Chairman Philippe Lamazou states: “Circet's success since its creation has relied on the quality of our relations with our clients. In recent years we have broadened our field of expertise and diversified our clientele, both through organic growth and through targeted acquisitions in France. We are proud of the leading position we have managed to achieve in France with the aid of CM CIC Investissement, and I am convinced that with the backing of Advent, Circet will be even better placed to partner our clients in their European development projects. Advent's sector-specific expertise and its global presence will help us embark on a new growth phase backed up by Circet's current strengths”.
About Advent International
Founded in 1984, Advent International is a global leader in equity financing. Advent has invested in more than 330 operations in 40 countries and, as of 31 December 2017, manages approximately 35 billion euros' worth of assets. Present on four continents, Advent International has an integrated international team of more than 190 investment professionals in North America, Europe, Latin America and Asia. The Group's five sectors of investment include: corporate and financial services, health, industry, specialized retail-consumer goods, technology-medium-telecoms. Operating in equity financing for over thirty years, Advent partners the managers of its holding companies with the aim of supporting them in their development.
Operating in Paris since 1997, Advent has invested in France for more than 30 years. Some of its recent investments include: Idemia, global leader in ID and biometrics solutions, Corialis, European manufacturer of aluminium extruded shapes, IPH, a leader in the distribution of industrial supplies in Europe, or Monext, French leader in the processing of electronic transactions. Advent also has a long track record in the technologies-medium-telecoms sector, not least through its investments in Idemia, Unit 4, KMD, Aircom International, Bulgarian Telecommunications Company, MACH or Italtel. For more information: www.adventinternational.com