Carlyle invests in Euro Techno Com Group
The Carlyle Group has invested in France-based Euro Techno Com Group (ETC), a distributor of products for the equipment, deployment and maintenance of telecommunications networks.
The GP drew capital from €1.35bn fund Carlyle Europe Technology Partners (CETP) IV, which closed in January this year.
The fund makes growth capital investments in lower-mid-market technology-focused companies based in Europe and the US, with EBITDA within the range of $5-25m. ETC is the first deal of CETP IV.
Carlyle plans to support the business in continuing its international expansion.
Company
Founded in 1993, ETC is a distributor of telecoms equipment and supplies. The company offers services related to product design, procurement and the supply chain, including logistics for cable and telecoms operators and network installers. Customers include US and Europe-based cable and telecoms companies, as well as large and small independent installers and sub-contractors.
Headquartered in Eaubonne, France, the company also has operations in the US, Portugal and Israel. ETC employs 550 people.
People
Euro Techno Com Group – Cédric Varasteh (founder); Thierry Rathuille (head of European operations).
The Carlyle Group – Cyril Bourdarot (director of CETP advisory team); Vladimir Lasocki (managing director, co-head of CETP advisory team).
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