M&A Deal Summary

Altice B2b France Sas Acquires CompleTel SAS

On September 3, 2007, Altice B2b France Sas acquired communications company CompleTel SAS from Meritage Funds for 1.1B USD

Acquisition Highlights
  • This is Altice B2b France Sas’ 1st transaction in the Communications sector.
  • This is Altice B2b France Sas’ largest (disclosed) transaction.
  • This is Altice B2b France Sas’ 1st transaction in France.

M&A Deal Summary
Date 2007-09-03
Target CompleTel SAS
Sector Communications
Buyer(s) Altice B2b France Sas
Sellers(s) Meritage Funds
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

CompleTel SAS

Cedex, France
Completel Europe is a facilities-based provider of switched local access telecommunications and internet services to business end-users and carriers. The company operates nine fiber-based metropolitan area networks in France and in 2006 completed a DSL-based network expansion to increase its coverage to 110 markets in France.

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Buyer(S) 1

Buyer

Altice B2b France Sas

Marne La Vallee, France
Category Company
Sector Communications
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (France) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Meritage Funds

Arvada, Colorado, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1998
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Meritage Funds is a private investment firm focused on growth equity opportunities. The Firm targets companies that deliver tech-based services that leverage recurring revenue business models. Areas of interest include businesses that 'enable communications, deliver content, and facilitate commerce'. Prospective transaction situations include direct equity financings, recapitalizations, control acquisitions, consolidations, restructurings, spin-outs and management buy-outs. Meritage typically looks to commit $3 to $20 million over the lifecycle of an investment. Meritage Funds was formed in 1998 and is based in Arvada, Colorado.

DEAL STATS #
Overall 6 of 14
Sector (Communications) 5 of 9
Type (Add-on Acquisition) 3 of 8
Country (France) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Xspedius Communications

Vienna, Virginia, United States

Xspedius Communications is a facilities-based provider of integrated communications services over proprietary fiber optics and virtual networks to small and medium-sized businesses in the southern U.S. The Company offers a variety of high quality communication services including long distance voice, data, and Internet.

Sell $532M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-21 NewPath Networks

Seattle, Washington, United States

NewPath Networks is a wireless infrastructure company that designs, develops and operates fiber-fed wireless carrier networks using a distributed antenna architecture to improve signal strength and network capacity.

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Mergr

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