
Societe Generale Capital Partenaires backs Netcom
Societe Generale Capital Partenaires (SGCP) has acquired a minority stake in Netcom Group, a telecommunications and internet provider, while founders have retained the majority.
Founders Jamal Assraoui, Saïd Benamrouche and Mohamed Benamrouche have remained the main stakeholders in the business.
SGCP provides equity tickets of €300,000-20m, in the form of convertible bonds or shares representing minority stakes.
Senior debt for the transaction was provided by Societe Generale, Caisse d'Epargne, CIC and BNP Paribas.
Company
Founded in 2004, Netcom is a telecommunications operator and virtual mobile network (MVNO), which offers companies fixed and mobile telecommunications, internet and installation of telephones for small businesses, SMEs and large companies.
As of 2017, the company had a headcount of 220 and generated revenues amounting to €28m, according to a source familiar with the business. Based in Pantin, Netcom has 12 branches spread across France.
People
Netcom Group – Jamal Assraoui, Saïd Benamrouche, Mohamed Benamrouche (founders).
Societe Generale Capital Partenaires – François Rivolier, Frédéric Coupet (investment directors); Jonathan Locteau (chargé d'affaires).
Advisers
Equity – Next! Financial Advisors, Hervé Krissi (corporate finance); Duteil Avocats, Guillaume Jarry (legal); Fromont Briens & Associés, Leslie Nicolaï (legal); CMS Bureau, Francis Lefebvre, Gilles Coumert (legal).
Vendor – Financière Monceau, Marc Irisson, Nicolas Ghetti, Julien Pasquet (corporate finance); Granrut Avocats, Vincent Siguier, Amandine Tesson (legal).
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