CELESTE has received a mezzanine investment from Siparex
CELESTE has completed a sponsorless buyout transaction involving the exit of CM-CIC Capital Privé, financed by Siparex (mezzanine debt) and a pool of banks (senior debt).
CELESTE is a French internet service provider (ISP) for SMEs and owns its fiber optic network which spans more than 2,500 km. to connect major metropolitan markets throughout France, including connections to international peering points. CELESTE also provides high value-added services such as high definition voice and hosting services.
Siparex is one of the leading independent French private equity groups. As a reference partner for medium-sized companies and SMEs, and start-ups under the XAnge brand, its business is to invest in companies' own funds by providing growth momentum. The firm has US$2 billion in assets under management.
Oaklins' team in France assisted the founder of CELESTE in this transaction which will strengthen his majority stake.
Talk to the deal team
Related deals
Bolster Investment Partners has acquired a majority stake in Eternal Sun
Bolster Investment Partners, a Netherlands-based investment firm, has acquired a majority stake in Eternal Sun, a global technology leader in advanced solar panel testing equipment, from ABN AMRO Sustainable Impact Fund, a private impact fund based in the Netherlands, and Vermec, a Belgium-based investment firm.
Learn moreiwell raises US$31 million to deploy its leading European smart battery storage solutions into new markets
iwell, a developer of smart energy management (EMS) and battery storage systems (BESS), has successfully closed a US$31 million (€27 million) funding round. The round was led by Meridiam, with Invest-NL and Rabobank participating, alongside existing investors.
Learn moreBezeq Online has been acquired by One Software Technologies
Bezeq Online has been acquired by ONE Software Technologies Ltd., enabling ONE Technologies to offer innovative solutions through full integration of advanced technology, real-time data analysis and proven service capabilities nationwide. ONE Technologies’ goal is to develop the next generation of service solutions, including AI-based tools, automation, multi-channel digital services and advanced CRM systems, all designed to deliver a continuous, accurate and effective customer experience.
Learn more