De Pardieu has advised CVC DIF, infrastructure division of CVC Capital Partners, one of the world’s ten largest private equity funds, on the acquisition of a majority stake in the Céleste group, a digital infrastructure operator for businesses operating its own proprietary network.
Further to this investment, CVC DIF will hold approximately 88% of Céleste’s share capital, thereby becoming its majority shareholder; this transaction also marks the exit of InfraVia Capital Partners from the share capital, six years after its initial investment in Céleste.
The transaction represents CVC DIF’s first investment under its latest “Value Add IV” fund, the strategy of which focuses on investing in companies with strong competitive positions and significant growth potential. CVC DIF will thus support Céleste in accelerating its development, notably by expanding its cloud and cybersecurity activities, while continuing to strengthen and densify its infrastructure network.
Completion of the transaction remains subject to the satisfaction of customary conditions precedent.