CM-CIC LBO Partners backs Nerim MBO

The GP is understood to have taken a majority stake in the business. Founders Christophe Carel and Jacques Bouaziz sold their shares of Nerim in the MBO. In addition to management, the company's staff also have the possibility of buying shares in the new structure.

CM-CIC LBO Partners usually provides equity tickets in the €5-40m range.

Company
Established in 1999, Nerim provides telecom solutions to SMEs, addressing both their phone and internet needs. The Paris-based business employs around 50 staff and posted a €24m turnover in 2011 – it has been growing at an average of 20% per annum over the past 10 years.

People
Former Nerim general director Vyril de Metz has reportedly been named president, a role previously held by former co-owner Christophe Carel.

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