M&A Deal Summary

Intermediate Capital Group Acquires Circet

On May 21, 2021, mezzanine finance firm Intermediate Capital Group acquired communications company Circet from Advent International

Acquisition Highlights
  • This is Intermediate Capital Group’s 7th transaction in the Communications sector.
  • This is Intermediate Capital Group’s 71st transaction in France.

M&A Deal Summary

Date 2021-05-21
Target Circet
Sector Communications
Buyer(s) Intermediate Capital Group
Sellers(s) Advent International
Deal Type Secondary Buyout

Target

Circet

Sollies-Pont, France
Circet is a provider of telecoms infrastructure services. Circet's clients include telecoms operators, manufacturers of telecoms equipment, key accounts owning infrastructures, infrastructure operators, the state and local authorities. Circet was founded in 1993 and is based in Sollies-Pont, France.

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Buyer(S) 1

Buyer

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 276 of 293
Sector (Communications) 7 of 7
Type (Secondary Buyout) 105 of 115
Country (France) 71 of 72
Year (2021) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Lunch Garden

Brussels, Belgium

Lunch Garden is an iconic restaurant brand that offers customers high quality, traditional Belgian cuisine, complemented by popular international dishes, with an average meal price of €11. Located in prime, high-footfall areas, all sites are profitable with Lunch Garden commanding a growing market share within the Belgian restaurant market. Lunch Garden was founded in 1966 and is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 DomusVi

Suresnes, France

DomusVi is a provider of services to elderly people. It provides a full range of services to 42 000 residents and customers with 315 nursing homes, 16 residential facilities, 5 mental care facilities and 50 home care agencies throughout France, Spain and China. DomusVi was founded in 1983 and is based in Suresnes, France.

Sell -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 196 of 223
Sector (Communications) 16 of 16
Type (Secondary Buyout) 48 of 58
Country (France) 10 of 10
Year (2021) 8 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Perrigo Latin American Pharmaceutical Business

Mexico

Perrigo Latin American Pharmaceutical Business is a global supplier of pharmaceutical products in Mexico and Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Culligan

Rosemont, Illinois, United States

Culligan offers water softeners, filtration systems, industrial water treatment solutions, and drinking water systems. Culligan was founded in 1936 and is based in Rosemont, Illinois.

Sell -