Vitis has sold a minority stake to Océinde et Caisse des Dépôts
Netgem has sold a 49% stake in Vitis to Océinde and Caisse des Dépôts et Consignations (CDC) for an undisclosed consideration.
Vitis is engaged in reselling broadband access to French consumers in areas covered by public initiative networks. The company uses the brand name of Fibre Videofutur to market its offer, combining broadband, telephone and TV in a triple-play competitive price offer.
Océinde is a Reunion Island-based holding company that offers aquaculture farming and seafood processing, decorative paints, telecommunications, and real estate services through its subsidiaries.
CDC is a French state-owned bank that carries out missions of public interest in support of the public policies implemented by central and local government bodies.
Netgem is a French leading provider of TV entertainment services enabling the most innovative telecommunications companies around the globe to deploy market leading and yet affordable video entertainment services.
Oaklins' team in France advised Netgem and helped to structure the transaction.
Talk to the deal team
Related deals
Firecrown Media acquires railroad and space enthusiast brands of Kalmbach Media
Kalmbach Media, a leading independent media company that provides ideas and inspiration to avid hobbyists, enthusiasts and citizen scientists through its multichannel brands, has sold its railroad and space enthusiast brands, including Trains, Model Railroader, Classic Toy Trains, Classic Trains, Garden Railways, Trains.com, Astronomy, FineScale Modeler and Kalmbach Books, to Firecrown Media, one of the leading transportation media providers serving the aviation, boating and logistics sectors.
Learn moreDania Software has been acquired by Omnidocs
The owners of Dania Software A/S have sold the company to Omnidocs.
Learn moreTop Systems teams up with Holland Capital to create the premier Dutch battery-based solutions provider
Holland Capital, a Netherlands-based private equity firm, has acquired a stake in Top Systems, a leading provider of complete battery-based power solutions, with a unique value-added services proposition.
Learn more