1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. Switzerland >
  5. Celeste Acquires VTX Telecom AG

M&A Deal Summary

Celeste Acquires VTX Telecom AG

On January 21, 2021, Celeste acquired communications company VTX Telecom AG from Siris Capital Group

Acquisition Highlights
  • This is Celeste’s 1st transaction in the Communications sector.
  • This is Celeste’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2021-01-21
Target VTX Telecom AG
Sector Communications
Buyer(s) Celeste
Sellers(s) Siris Capital Group
Deal Type Add-on Acquisition

Target

VTX Telecom AG

Pully, Switzerland
VTX Telecom is an independent operator of national scope with a product portfolio that includes many innovative services such as Internet access, fixed telephony, and mobile, Web hosting, Cloud mainly intended for small and medium-sized enterprises (SMEs). The group is domiciled in Switzerland, in Pully near Lausanne. To meet its proximity commitments, the company relies on a network of branches in French-speaking and German-speaking Switzerland grouped together under the holding company VTX Telecom. VTX Telecom was formed in 1986 and is based in Pully.

Search 205,173 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Celeste

Champs-sur-Marne, France
Category Company
Founded 2001
Sector Communications
Employees100
Revenue 20M EUR (2018)
DESCRIPTION

Celeste is a connectivity service provider working for companies all over France. Celeste’s mission is to support companies in the fiber revolution. Celeste provides Internet access, site interconnection or telephony, and hosting services, based on its own guaranteed and secure fiber-optic network. Celeste was founded in 2001 and is based in Champs-sur-Marne, France.

DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Switzerland) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Siris Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 5.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siris Capital Group is a private equity firm focused on control investments in technology, telecommunications, and healthcare companies. Siris looks to acquire large companies valued from $500 million to $2 billion. The Firm was spun out of hedge fund SAC Capital Advisors in 2011. Siris Capital Group is based in New York City.

DEAL STATS #
Overall 7 of 10
Sector (Communications) 2 of 3
Type (Add-on Acquisition) 6 of 8
Country (Switzerland) 1 of 1
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Newfold Digital

Jacksonville, Florida, United States

Newfold Digital is a provider of shared web hosting services to small businesses. Newfield Digital helps customers of all sizes build a digital presence that delivers results. Newfold Digital has extensive product offerings and personalized support with customers to serve their online presence needs. Newfold Digital was founded in 1997 and is based in Jacksonville, Florida.

Buy $3.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-10 Web.com

Jacksonville, Florida, United States

Web.com is a provider of website-building tools, services, and internet solutions. The company offers a comprehensive suite of website design, customer support, and technology platforms tailored to the needs of the small and medium-sized businesses. Additionally,Web.com Group partners with enterprise companies to help these partners build stronger, more profitable relationships with their business customers. Web.com was formed in 1997 and is headquartered in Jacksonville, Florida.

Sell -
Mergr

Product

Company

Legal