Chaterhouse Capital Partners and Sagemcom extend their partnership
FR
GB
Sycomore Corporate Finance advises Sagemcom’s shareholders
Charterhouse Capital Partners and Sagemcom extend their partnership
Rationale
Since Charterhouse’s initial investment in 2016, Sagemcom has grown to become the worldwide leader in its broadband and audio & video activities, and the European leader in the end-to-end smart metering market. In this period, the Company has organically grown its revenues from €1.2 billion to more than €3.0 billion, with strong visibility on future growth. The Company’s highly skilled team has also expanded, with Sagemcom now employing 7,500, including 1,800 engineers focused on software development, versus 6,500 and 1,000 respectively at the time of Charterhouse’s first investment.
The continuation fund enables Charterhouse to continue its successful partnership with Sagemcom’s management team, working closely together to ensure the continued delivery of the Company’s highly effective growth strategy. The fund also provides Sagemcom with the capital required to execute this strategy and continue its expansion journey in the coming years.
Thanks to the innovative solutions designed and built by our people, Sagemcom provides access to broadband Internet, entertainment and managed energy supply to the greatest number all over the world.
As a “mission-driven company” since January 2022, Sagemcom makes sure that the design, construction and use of these solutions are sustainable, and fulfil the environmental and societal commitments that are known and shared by all our employees, partners and stakeholders.
In LBO since its 2008 carve-out with Safran, Sagemcom group entered its fourth LBO in 2019, with Charterhouse as the majority shareholder. Sagemcom is 30% owned by its employees, achieves over €3 billion turnover, is world leader in its markets, has been profitable since it was founded, and has been growing continuously since 2016.
Charterhouse is one of the longest-established private equity firms operating in Europe. The firm connects expertise and capital, partnering with ambitious founders and management teams to drive transformational change.
Charterhouse has a selective, conviction-led approach to investing in high-quality mid-market European companies predominantly across the Services, Healthcare and Education sectors. It targets transactions with an enterprise value of between €200m and €1bn.
Charterhouse’s international team works in an integrated and flexible manner, allowing the firm to combine the skills, knowledge and experience of its entire team to help build successful businesses over the long term.
Charterhouse is currently investing from its eleventh private equity fund. The firm has completed more than 150 acquisitions over 35 years of activity in the European buyout market