Ergon in exclusive negotiations to acquire Telenco

Ergon plan to support the company’s growth in France and abroad, according to a statement.

The GP will invest via Ergon Capital Partners IV, which held a final close in March 2019 on €580m. The fund deploys equity tickets of €25-75m, focusing on mid-market companies.

Unquote sister publication Debtwire reported in June 2020 that Ergon had succeeded in securing exclusivity following a process that saw interest from Abénex and Equistone (via Amadys, a portfolio company of its sixth fund).

Telenco was marketed based on EBITDA of €20m, the report added. Drawn financing of around €80m is expected and debt will be provided by a club of banks, according to the report.

Company
Founded in 1999, Telenco manufacturers and distributes telecoms and technician equipment for use in fibre optic network construction. Its products are sold in 50 countries. The company reports revenues of around €120m and employs 300 staff. It is based in Moirans, near Grenoble.

People
Ergon Capital  - Wolfgang de Limburg (managing partner).
Telenco – Denis Falliex, Manuel Panart (co-founders), Grégory Guimarães (CEO).

Advisers
Equity – De Pardieu Brocas, Cédric Chanas, Anne Febvre, Mathieu Retiveau (legal).
Company – LL Berg, Olivier Abergel, Gaëlle Quillivic, Julien Carrascosa, Houzefa Moula Mamoudjy, Joséphine Combret (legal); Deloitte, Stéphane Villard, Nicolas Vergnaud (corporate finance).

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• Topics
• Buyouts
• France
• Technology
• Ergon Capital Partners
• Equistone Partners Europe
• Abénex Capital
• France