Naxicap exits Jaguar Network to trade in €100m deal

Iliad has purchased a 75% stake in Jaguar, based on a multiple of 10.6x EBITDA, representing an investment of just shy of €100m, according to a statement.

Kevin Polizzi, Jaguar's founder, remains the compay's CEO and has retained a 25% stake.

Based in Paris, Iliad is the parent company of Free, the inventor of the Freebox, a multiservice box on ADSL. Since 2012, Free has provided mobile internet and it currently has 20 million subscribers (6.5 million broadband and fibre-optic broadband subscribers, and 13.5 million mobile subscribers as of 30 September 2018), according to a recent statement. In May last year, the Iliad group launched its mobile business in Italy under the Iliad brand.

Naxicap has backed Jaguar since 2014 as a minority stakeholder. At the time of the transaction, the business generated a €20m turnover.  

Company
Founded in 2001, Jaguar provides internet and web-hosting services in Europe, supporting companies in their digital transformation. Serving 1,200 clients in the private and public sector, its services improve facilities including network, corporate telephony and cloud services. The Marseille-based company also has offices in Paris and Annecy, as well as in Sophia, Bulgaria, and Geneva, Switzerland.

People
Jaguar Network – Kevin Polizzi (founder).

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