Syntagma Capital to pick up Nexans’ LAN and Telecom division

• Syntagma is a privately held investment company based in Brussels, Belgium
• The proposed deal is expected to close by the end of the first half of 2023
• Nexans recorded around €200m in revenues

Syntagma Capital has entered talks with Nexans to buy its LAN/data centre (LAN/DC) and Telecom/Fibre (FTTx) division.

Nexans, based in Paris, France, designs, manufactures, and distributes smart connectivity products based on optical fibre and copper technologies to data centres, smart buildings, and telecom operators. The firm operates across its eight sites located in France, Belgium, Germany, Greece, Morocco and China. It has around €200 million in revenues.

Syntagma’s team, who were a part of the deal, include Sebastien Kiekert Le Moult, managing partner, Frank Coenen, partner, Benjamin Dahan, partner, João Pilecco, senior vice-president, and Ludovic Ruffenach, senior associate.

“Despite a challenging M&A market, we are continuing to find attractive opportunities to invest our capital while providing sellers with divestiture solutions for complex carve outs where speed and certainty are of the essence,” said Le Moult. “This transaction represents our most recent carve out and reflects Syntagma’s strategy to acquire businesses that will benefit from a new owner to drive the next area of growth.”

The proposed deal is likely to be completed by the end of the first half of 2023, subject to the completion of customary closing conditions.

Coenen said this transaction will help to “accelerate growth, both organically and through targeted M&A investments in key product areas and geographies”.

Syntagma is a privately held investment company based in Brussels, Belgium. The firm invests in companies within the chemicals, industrial and B2B services sectors with turnovers between €50 million to €750 million.

Willkie Farr & Gallagher served as legal adviser to Syntagma, and PwC provided financial, legal, tax, and social advice.