Astorg Partners announced that it became a shareholder of SCT TELECOM, one of the French leaders in the field of telecom management and cost reductions for SMEs. Upon completion of the transaction the funds managed by Astorg Partners will hold a 52% stake and the management team, led by the company founder, Pascal Chaboisseau, will retain the balance of the capital.
Astorg Partners announces today the acquisition of SCT TÉLÉCOM, one of the French leading switchless provider of telecom services to Small and Medium sized Enterprises ("SME"). Following completion of the deal, Astorg holds 52% of the company. Pascal Chaboisseau, the founder of SCT TÉLÉCOM, and the management team hold the remainder of the equity. Since its creation in 1997, SCT TÉLÉCOM has enjoyed sustained growth, reaching 40% per year over the past 5 years. The firm employs 160 people spread across a network of 25 sales outlets and achieves sales of 50 million euros.
Throughout the years, the company adapted to the convergence of communication technologies and now offers to French SME a full range of telecom services, from fixed and mobile communications to the installation of PABX and data networks. SCT TÉLÉCOM, which was the 1st player to actively market unbundling to SME, is now the leading switchless operator for fixed wire communications on its segment, and launched, in 2007, VoIP and MVNO (Mobile Virtual Network Operators) offers.
SCT TÉLÉCOM will pursue its ambitious expansion strategy in France, based on the reinforcement and the development of its existing network and on acquisitions. Simultaneously, the company intends to widen its range of services to offer ever increasing savings, simplicity and security to its customers.
Pascal Chaboisseau, Founder, Chairman and CEO of SCT, and William Binet, COO of SCT, said "We are delighted to team up with Astorg Partners to execute an aggressive acquisition strategy, besides our strong internal growth. We have always been conscious of the need to foster employees' promotion and the transaction is an opportunity to share the ownership with our most deserving managers as well as with new high potential recruits."
Pascal Noguera, Partner at Astorg Partners and Alexandre Vannelle, Associate at Astorg Partners added "SCT TÉLÉCOM is ideally positioned to take advantage of the steady growth of the telecom industry and the dynamism of French SME. We will actively support SCT TÉLÉCOM in its expansion strategy."