Bryan, Garnier & Co advises Latour Capital on the acquisition of a majority stake in Sogetrel

Bryan, Garnier & Co advises Latour Capital on the acquisition of a majority stake in Sogetrel

News published on September Tuesday 25, 2018
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Context

Sogetrel designs, deploys and maintains network infrastructures and digital communication systems. Founded in 1985, the Company has become a key player in the field of high-speed internet and the preferred partner for the main telecom operators (public and private) and local and regional authorities.

In addition to the deployment of high-speed networks, Sogetrel also integrates security systems and digital solutions for its public and private clients. Furthermore, the Company is an active player in smart-city networks roll-out.

Since 2016, Sogetrel has significantly grown, both organically and externally. By the end of 2018, the Company expects to achieve a turnover of €450 million (€250 million in 2015) with 4,000 employees (2,200 in 2015).

Transaction highlights

Bryan, Garnier & Co acted as the Sole Financial Advisor to Latour Capital.

Bryan, Garnier & Co assisted Latour Capital in approaching the target, organizing the due diligence, providing sector and process intelligence and negotiating the transaction with the sellers.

Latour Capital becomes the majority shareholder of Sogetrel, notably alongside Bpifrance, Xavier Vignon (CEO) and key managers.

This transaction continues to demonstrate Bryan, Garnier & Co’s expertise in LBO transactions as well as its strong footprint in the Technology and Business Services sectors. Since the beginning of 2018, Bryan, Garnier & Co has advised 24 transactions including eight involving Private Equity firms.

About Sogetrel

Founded in 1985, Sogetrel is a leading French player in communications network installation and system integration. The company has become a key partner of the major public and private operators and local authorities, particularly in the rollout of ultra-high broadband networks. Sogetrel is also a major player in the field of communicating solutions (electronic security, connected objects, and machine-to-machine applications). The rollout of the Gazpar smart meter for Grdf (Engie Group) stands out as one of its latest successes.
With an estimated turnover of more than €450 million in 2018, Sogetrel employs a staff of 4,000 in France, Belgium and Switzerland across 80 locations. The headquarter is located in Issy-les-Moulineaux near Paris.

(www.sogetrel.fr)

About Latour Capital

Latour Capital is a leading Paris-based investor in private equity. With more than €400 million of assets under management, Latour Capital provides SMEs with the capital needed to finance growth. Latour Capital is owned by its employees.

(www.latour-capital.fr)

About Bryan, Garnier & Co

Bryan, Garnier & Co is a European, full service growth-focused independent investment banking partnership founded in 1996. The firm provides equity research, sales and trading, private and public capital raising as well as M&A services to growth companies and their investors. It focuses on key growth sectors of the economy including Technology, Healthcare, Consumer and Business Services. Bryan, Garnier & Co is a fully registered broker dealer authorized and regulated by the FCA in Europe and the FINRA in the U.S. Bryan, Garnier & Co is headquartered in London, with additional offices in Paris, Munich, Zurich and New York. The firm is a member of the London Stock Exchange and Euronext.

(www.bryangarnier.com)

Deal team

Thibaut De Smedt
Partner
T:+33 1 56 68 75 75

Jonathan Bohbot
Vice President
T: +33 1 56 68 75 59

Wilem Bensaid
Analyst
T: +33 1 56 68 75 81


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