Carlyle set to acquire SagemCom from Gores

Carlyle is understood to have offered less than €500m for the asset. This valuation is inferior to the €700m estimated earlier this year, when Carlyle was first rumoured to be circling SagemCom.

US private equity firm The Gores Group backed the spin-off of Sagem Communications from its parent corporation Safran in 2008, a deal that valued the business at €383m.

Based in Rueil-Malmaison, Sagem Communications manufactures terminals for faxes and digital television set-top boxes and broadband terminals. It posted a €1.4bn turnover in 2010 and currently employs in excess of 6,000 people.

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• Topics
• France
• Buyouts
• Exits
• Industrials
• France
• Carlyle Group
• Secondary buyout
• The Gores Group