We advised the private shareholder on the sale of 100% of his shares of K & R Eilers GmbH to Groupe Circet S.A., France, backed by Advent International. The seller will continue to manage the company and reinvested in the new parent company. Major reason for closing this transaction for the seller was to receive better access to financing and to enable faster growth due to tremendous market opportunities.
K & R Eilers GmbH is a medium-sized construction company with 240 employees, based in Lower Saxony, Germany. As a service provider for regional and supraregional customers the company acts as a partner for all types of work on supply lines (digital infrastructure, FTTH, electricity, gas, and water) and in the field of civil engineering. The company also undertakes repair and installation work. Main customers are municipal utilities and power suppliers.
Groupe 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.
Oaklins’ team in Germany advised the shareholder of K & R Eilers GmbH on the sale of 100% of his shares to Groupe Circet S.A./Advent International throughout the whole process. We developed the financial model together with the client and ran a limited auction process with more than ten bidders submitting offers.