Exit File: emerging markets Africa

INTELCIA

Sector: outsourcing

Seller: 
CDG Capital Private Equity

Buyer:
Altice Group

Return: 4.6x

Date:
January 2017

CDG Capital Private Equity sold regional outsourcing company Intelcia to multinational Altice Group in January 2017, generating a 4.6x return.

CDG invested in the company in 2010. The company acquired several competitors in France and Morocco.

On exit, the company had operations in Morocco, France, Cameroon and Senegal, employing more than 7,000 people. It operated 10 sites, with plans to open additional sites in sub-Saharan Africa.

Annual revenue increased from €19 million in 2010 to an estimated €120 million for 2016.

CDG chief executive Hassan Laaziri said in a statement the company’s growth had been supported by “implementation of a sound strategy, strong governance combined with an ability to attract and retain the best talents”.