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.
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