CM-CIC Capital Privé divests Celeste

Siparex provided mezzanine financing to support the reorganisation of the shareholding structure of the business. The GP used its Siparex Intermezzo fund, which provides financing mainly in sponsorless buyouts as well as in mezzanine-type deals. Tickets provided by the fund can total €10m, according to Unquote Data.

CM-CIC Capital Privé backed Celeste in 2012. At the time, the company generated a turnover of €8m.

Company
Founded in 2001, Celeste provides internet access to businesses via a fibre-optic network. It also offers IP telephony and data centre hosting. Headquartered in Champs-Sur-Marne, the company aimed to generate revenues of €16.5m in 2016.

People
Celeste – Nicolas Aubé (founder).
Siparex Mezzanine – Richard Dalaud (director).
CM-CIC Capital Privé – Stephane Mentzer (investment director).

Advisers
Company – Oaklins France (corporate finance); Jeausserand Audouard (legal).
Debt – Pinot Villechenon & Associes (legal).

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• Topics
• Exits
• France
• Industrials
• Expansion
• France
• Credit Mutuel Equity (ex CM-CIC Investissement)
• Siparex
• Management buy-back