Advent International enters into exclusive negotiations to acquire Circet

Advent International and Circet’s management team enter into exclusive negotiations to acquire Circet Groupe from CM-CIC Investissement

Paris, 25 January 2018 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has entered into exclusive negotiations to acquire Circet Groupe (“Circet”), France’s leading telecommunications network service provider, from CM-CIC Investissement, its major shareholder, Omnes Capital, the company’s founders and management team. Advent is partnering with Circet’s management led by Philippe Lamazou in this transaction.

Circet is the leading outsourcing partner for network deployment and maintenance services for fixed and mobile telecommunications operators, local authorities, equipment vendors and key accounts in France. It provides its clients with full turnkey solutions, across the three main network infrastructures – copper, mobile and fibre. Uniquely, Circet is able to provide its clients with a broad spectrum of services, from network and architecture design services, through to roll-out, activation and maintenance solutions.

Since its inception, Circet has been continuously growing both organically on the back of favourable trends in the telecom services market and through multiple strategic acquisitions. The company today employs over 3,000 individuals across 70 sites in France. In 2017, Circet is expected to generate pro forma sales in excess of €700 million.

The terms of this transaction, which requires workers’ council information and consultation and is subject to the approval of relevant market authorities, are not disclosed.


Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in more than 330 private equity transactions in 40 countries and as of September 30, 2017, had €35 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 190 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

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Venture capital, growth capital, buyout capital, M&A advisory: Crédit Mutuel CM11 subsidiary CM-CIC Investissement meets the needs of businesses in all areas of equity financing. Together with its professional, resolutely human approach and close ties with business leaders, its success is based on the long-term support it provides to investee companies. CM-CIC Investissement invests its own capital (more than €2.8 billion) and its investment portfolio consists of around 355 companies.

CM-CIC Investissement has expanded its international activities under the CIC Capital brand from its original base in Canada (Montreal) into the USA (New York and Boston) and Europe (Frankfurt, London, Geneva and Zurich).

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