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Sicame

Sicame is a global supplier of electrical connectors and accessories to transport networks and electricity distribution.

The group designs, manufactures and sells a complete range of core transmission and distribution network accessories including mechanical and electrical connectors, which are essential to utilities when building or maintaining electrical networks.

Sicame has established a global market presence in over 25 countries and is supported by some 2,400 employees. For 2015, Sicame generated c. €360m in revenue. With a diverse range of utility and electrical contractors, its portfolio of blue chip utility customers’ include French national operator EDF, UK Power Networks and German E.ON.

In December 2009, Equistone originally backed Sicame as a minority shareholder, through its Fund III, supporting its plans for expansion, which resulted in Sicame completing 10 acquisitions in several geographies. Furthermore, Equistone backed a transition in management, with Vincent Roy, a former managing director of the group, rejoining as CEO in 2015 following the retirement of the former CEO. Additionally a new CFO and HR director were also recruited.

In February 2016, Equistone acquired majority stake in Sicame through its Fund V, alongside the founding family, Crédit du Nord, other individual investors and the management team. The transaction was supported by all the major shareholders and offers an attractive liquidity solution after Fund III’s six-year holding period. Equistone consulted its Advisory Committee regarding the potential for a conflict of interest.

Investment Date

Feb 2016

Country

France

Business Description

Industrials

Revenue at ACQ.

€354m

Employees at ACQ.

2,400

Investment Type

Primary MBO

The consolidation of our alliance with Equistone will give the group the resources necessary to pursue its ambitious growth strategy.

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