Carlyle Group LP is investing an undisclosed sum in Euro Techno Com in a deal scheduled to close during the second half, subject to regulatory approvals.
Carlyle Europe Technology Partners IV, the global investment firm's €1.35 billion lower-middle-market fund that backs technology companies in Europe and the U.S., is providing equity for the transaction. The Euro Techno Com investment marks the first transaction for the fund.
Eaubonne, France-based Euro Techno Com provides equipment and supplies to cable and telecommunications operators in Europe and the U.S. It has operations in France, the U.S., Portugal and Israel.
In a release, Euro Techno Com Head of European Operations Thierry Rathuille said the partnership with Carlyle should aid his company in its next stage of growth, in both existing and new geographic markets.
