Capital structure reorganisation
FR
USA
Sycomore Corporate Finance acted as financial advisor to the Sagemcom’ shareholders on the capital structure reorganisation
Charterhouse and Sagemcom’s management team have agreed to reorganize the capital structure to provide the company with visibility and stability of its shareholding structure to implement its strategic roadmap.
In October 2016, Charterhouse announced its acquisition of a majority stake in Sagemcom, alongside its management and employees, from Carlyle. Under Charterhouse ownership, the company has been transformed with a differentiated strategy delivering strong financial results.
Rationale
Sagemcom is a worldwide leading pure-player in providing innovative and customized value-added connected terminals, related software and services to telecom operators, utilities and service operators alike. Over the last few years, the company has successfully built leading positions in three complementary businesses (broadband solutions, audio video solutions, and smart grid end-to-end solutions). The company today offers time-to-market high value-added products and cutting-edge technologies. Sagemcom designs, manufactures and ships more than 45 million terminals worldwide every year. The company has today a turnover of €2.1bn with presence in more than 100 countries. The total company headcount has reached 7,000 employees.
Charterhouse is one of the longest established private equity firms operating in Europe. The firm invests in companies headquartered in Western Europe and works closely with incumbent management teams, backing them and providing active support to drive growth. Transaction values range from €250m to €2bn. Charterhouse is based in London and has completed over 140 transactions for an aggregate value of over €50bn since inception.