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
- Industry
- Telecommunications
- Location
- France
- Transaction Type
- Buyout
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