- ETC acquired Amadys from Equistone
- Cinven acquired a majority stake in ETC from Carlyle Group in 2022
- ETC’s founder Cédric Varasteh and CETP holds minority stakes in ETC
ETC Group, backed by Cinven, has acquired Amadys, a provider of passive equipment for the telecom, infrastructure and energy markets, from Equistone Partners Europe. No financial details of the transaction were disclosed.
Amadys is headquartered in Antwerp, Belgium.
Equistone invested in Amadys in 2019.
Amadys’ management team will re-invest in the combined group.
ETC and Amadys’ integration will leverage enhanced product offerings and capabilities, according to a release.
“This is an important milestone in ETC’s growth strategy with Amadys providing broadened access to key markets, leverageable operational capabilities, and customer diversity,” said Thomas Railhac, partner at Cinven.
Cinven acquired a majority stake in ETC from Carlyle Group in 2022, with ETC’s founder Cédric Varasteh and Carlyle Europe Technology Partners maintaining minority stakes in the firm.
Cinven is an international private equity firm headquartered in London, and has offices in Frankfurt, New York, Madrid, Milan, Luxembourg and Guernsey.
Carlyle, a global investment firm headquartered in Washington DC, managed $369 billion of assets as of 30 September.
ETC is a provider of telecommunication distribution equipment and supply chain products for telecommunication operators and installers. The firm is based in Paris, France.
Equistone Partners is a European mid-market private equity investor based in London.
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