Equistone signs an agreement to acquire Camusat Group, a leading player in the construction and management of telecom networks
Headquartered in Dijon, France, Camusat is one of the market leaders in the implementation and maintenance of telecom infrastructure networks for leading fixed and mobile telecommunications operators, equipment manufacturers, integrators, and ‘Towercos’. The Group is organised around three main business units: design and installation of telecom towers, monitoring and maintenance services, and energy supply solutions for these sites.
Founded in 1948, Camusat was acquired by the Ginger industrial group in 2002. In 2011, Richard Thomas and Eric Braghini conducted a spin-off from Ginger, backed by MBO Partenaires. In 2013, Camusat sold its French operations and refocused its strategy on international activities, notably in emerging markets.
Today Camusat employs more than 2,000 people in 35 countries (mainly in Africa, South Asia, the Middle East, and the Caribbean) and generated almost €175m of net sales in 2015. The Group has grown its revenues by more than 15% per annum in recent years, driven by strong demand in emerging markets and its expansion into new countries.
The completion of the transaction is subject to competition authority approval.
Richard Thomas, CEO of Camusat Group, said: “With the strong support of Equistone, Camusat will pursue its ambitious development strategy within the telecom infrastructure market. The Group plans to increase its geographical reach, to strengthen its technological leadership and its innovation capability – particularly in the field of energy – and to enlarge its product offering.”
Guillaume Jacqueau, Managing Partner of Equistone Partners Europe, commented: “We are delighted to support Richard Thomas and the management team of Camusat in a new phase of development. The Group will benefit from key advantages when implementing its growth strategy: the strong demand for telecoms infrastructure in emerging markets in particular, its recognised technical expertise, and its unique ability to work in complex and challenging environments.”
Richard Broche, Member of the Executive Board of MBO Partenaires, added: “We are very proud to have contributed with Richard Thomas and the management team to Camusat’s successful phase of international development, notably with its expansion into new territories in Asia and the launch of new business lines in a rapidly-evolving market. Passing on the baton to an experienced middle-market investor like Equistone seems to be the perfect choice to enable the Group to continue growing in the coming years.”