Investment Date
January 2008
Vertical
Telecommunications
Fund
GCP II
Investment Status
Prior
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Sagemcom

Designs, develops and produces a complete line of products for the broadband, set-top box and printing industries


Highlights

  • Products include consumer faxes, terminal & pro systems, photo printers, broadband access/DSL/FTTH, residential telephones, Wi-Fi terminals, digital set top boxes, energy metering, networking equipment, video projectors and radio/modules
  • Operates in four segments Set-top Boxes, Residential Terminals, Documents, and Energy & Telecom
  • Customers include leading telecommunication operators, cable and satellite TV operators, major printing manufacturers, global enterprise customers, and leading consumer electronics retailers
  • Sells its products and services around the world with the majority of sales in Europe
  • Headquartered in Paris, France

Initiatives

  • During the first eight months post-acquisition, repaid €131 million of debt as the result of strong operating cash flow generation
  • Refinanced its debt, reducing annual interest payments and bringing in long-term financing partners
  • Implemented a purchasing cost savings plan which resulted in €11 million of annual savings in 2008
  • Sold to The Carlyle Group in August 2011