• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Buyouts

Amundi, BPI France, Socadif invest €115m in Wifirst

  • Francesca Veronesi
  • Francesca Veronesi
  • 12 September 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Amundi Private Equity Funds, BPI France and Socadif Capital have acquired a 55% stake in France-based Wifirst from the Bolloré Group, investing €115m in the internet access provider.

For Bolloré, the sale of the stake in Wifirst will generate around €115m in cash, and a consolidated capital gain of around €85m.

The GPs and the management team have wholly acquired the business, according to a statement.

Wifirst

  • DEAL:

    Buyout

  • LOCATION:

    Paris

  • SECTOR:

    Internet

  • FOUNDED:

    2002

  • TURNOVER:

    €50m

Amundi PE used its Amundi Mégatendances vehicle for the transaction, closed on €250m in 2018, Unquote understands.

The new shareholders will support Wifirst in its organic development, for example by helping the business in entering new sectors, such as retail and healthcare, as well as in supporting its international expansion.

Wifirst had been owned by Paris Stock Exchange-listed Bolloré since 2006. The group manages activities in the transportation and logistics, communication, electricity storage and systems sectors, and generated revenues of €23bn in 2018.

Company
Founded in 2002, Wifirst is an internet access provider specialising in wifi technology, currently serving the hospitality and residences markets. The company supports professionals on their connectivity projects: wifi, fibre-optic, TV, Cast, voice over internet protocol (VoIP).

The business has shown an average growth of 30% per year over the past 10 years. Its wifi platform operates 600,000 connection points. Wifirst generated revenue of €50m in 2018.

Headquarters in Paris, the business has offices in London and Barcelona. 

People 
Wifirst – Marc Taieb (founder). 
Amundi – Romain Bled (managing director).
BPI France – Samuel Dalens (investment director).
Socadif Capital Investissement – Luis Batista (investment director).  

Advisers
Equity
– Invest Corporate Finance (corporate finance); Paul Hastings (legal); Accuracy (financial due diligence); Monitor Deloitte (commercial due diligence).
Vendor
– Hottinguer Corporate Finance (corporate finance); PwC Transaction Services (financial due diligence); PwC Societe d'Avocats (legal); Taj (legal); Scotto & Associes (legal).

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyouts
  • France
  • Technology
  • France
  • Amundi Private Equity
  • BPI France
  • Socadif

More on Buyouts

Clinical trials and biotechnology
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • Buyouts
  • 04 September 2023
EMEA Public to Private M&A
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • Investments
  • 04 September 2023
HR software solutions providers
Main Capital’s Assessio to be sold to Pollen Street

Recruitment software company tripled in revenue under Main Capital’s ownership

  • Buyouts
  • 25 August 2023
Ice cream
Exponent divests ‘significant' stake in Meadow to Canadian investor

Since 2018, GP has diversified food ingredients company's focus beyond commodity dairy

  • Exits
  • 22 August 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013