Charterhouse Agrees Acquisition of Sagemcom from Carlyle

October 03, 2016

Charterhouse Capital Partners (“Charterhouse”) today announces it has closed the acquisition of Sagemcom alongside its management team from The Carlyle Group (NASDAQ: CG).

Sagemcom is a French high-tech group with strong positions in high-end digital TV set-top boxes, high-speed broadband residential terminals and advanced smart meters. Over recent years, Sagemcom has significantly grown its core businesses: the group has increased its international exposure especially in Latin America and North America, and gained a significant share in the roll-out of smart meters in Europe while consistently investing in R&D to maintain Sagemcom’s superior technology edge and innovation expertise.

Patrick Sevian from Sagemcom, said: “I thank Carlyle for its support and understanding of our business since partnering with us five years ago. During these years, we have focused our activities on our main markets, where we have a superior ability to compete and gain new business. Going forward, Sagemcom will engage in a new part of its journey: we want to strengthen our efforts in broadband and energy markets by enabling connected services through the design and supply of customized smart devices for telecom, utilities and other service operators.”

Fabrice Georget, Partner at Charterhouse, said: “We are excited to back Sagemcom through the next stage of its journey, particularly with the growth in connected devices, the advent of ultra-high definition broadcasts and increased take-up of smart utility meters. We have been following Sagemcom for a number of years and are delighted to have the opportunity to work with Patrick Sevian and his management team.”

Charterhouse Capital Partners X is a 2016 vintage €2.3bn fund investing in high-quality mid-market European businesses across the services, healthcare, industrial and consumer sectors.