FRANCE - BPE acquires Sogetrel for EUR 90.3m

Guy
03 February 2006

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ABN AMRO Capital and BBS Capital have agreed to sell Sogetrel to management and Barclays Private Equity France for an enterprise value of EUR 90.3m, subject to regulatory approval.

Originally an installation company, Sogetrel has diversified its activities since ABN AMRO Capital acquired its stake in 1999. Today the company is an integrated engineering firm offering the design, installation and maintenance of multimedia and telecom networks. It has expertise in fibre optics, coaxial and twisted pairs cables used in all types of multimedia and telecom products, and cables for CCTV cameras through their brand CitéVEILLE. The company also develops software tools for its clients. The company has 37 outlets throughout France with 900 employees

ABN AMRO Capital acquired Sogetrel in July 1999 in a EUR 31.5m buyout together with management and BBS Capital. The stakeholders concentrated on exploiting several growth areas and restructured the debt. A new management team, led by Frédéric Zimer, was instrumental in placing Sogetrel in the top three of major network integrators in France. The company has tripled its turnover in the last few years.