Cinven to acquire majority stake in Euro Techno Com Group from Carlyle

June 3, 2022

Cinven has entered into exclusive negotiations to acquire a majority stake in Euro Techno Com Group (ETC Group), a France‑headquartered distributor of telecom and technology infrastructure products, from Carlyle. Founder and CEO Cédric Varasteh would retain a significant stake and Carlyle will reinvest as a minority shareholder; the Group has around 1,100 employees and generates more than €1 billion in annual revenues.

Buyers
Cinven
Targets
Euro Techno Com Group
Sellers
Carlyle
Location
France
Transaction Type
Buyout

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