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Rautenberg Moritz & Co. advises Circet and Advent International on the acquisition of SNG Group.

The Rautenberg Moritz team advised Circet and Advent International on the acquisition of SNG Group. Closing of the transaction took place in November 2020.

Circet is the #1 telecom network service provider in Europe with operations in France, Germany, Ireland and the United Kingdom, Spain, and Morocco. While the telecom industry and stakeholders are massively investing in the deployment of very high-speed fixed and mobile networks, Circet delivers state-of-the-art, end-to-end solutions that span from infrastructure and network engineering, build-out, activation, operations, maintenance services to subscription management. As a market-recognized leader for its agility and flexibility the company serves leading telecom service providers and manufacturers, network infrastructure owners and operators, as well as state and local government bodies. In 2019, the revenue of Circet was EUR 1.4 billion, and the group employed 6,300 employees.

Advent International is one of the largest and most experienced global private equity firms. With offices on four continents, Advent International has established a globally integrated team of more than 235 investment professionals, focused on buyouts and growth equity investments in five core sectors. Since initiating its private equity strategy in 1989, Advent International has invested USD 52 billion in over 360 investments across 41 countries and, as of June 30, 2020, managed USD 58 billion in assets.

SNG Group, consisting of Schneider Networkservice GmbH and SNG-Tiefbau GmbH, is a full-service provider for the construction and maintenance of broadband networks. The service portfolio ranges from network planning and project management to network construction, documentation and maintenance. As a strategic partner of telecom network operators the group generates revenues in excess of EUR 20 million with over 130 employees.

Our team around Gero Steinröder supported Circet and Advent International comprehensively as M&A lead advisor and led the entire acquisition process up to the successful completion of the transaction.

Rautenberg Moritz & Co. advises Circet and Advent International on the acquisition of SNG Group.

Quick Facts

Date

  • November 2020

Circet

  • #1 telecom network service provider in Europe
  • Revenue of EUR 1.4bn (2019)
  • Present in six countries, approx. 6,300 employees
  • Backed by Advent International since April 2018

Advent International

  • One of the biggest and most experienced global private equity investors
  • USD 58bn assets under management (June 2020)
  • More than 360 private equity investments across 41 countries

SNG Group

  • Full-service provider for broadband networks
  • Revenue: Over EUR 20m (2019)
  • Over 130 employees

Deal Size

  • Undisclosed

Services

  • Buy-side M&A Lead Advisory

Team

  • Gero Steinröder, Partner
  • Britta Hornung, Director
  • Philipp Conrads, Associate