Deals

ABN AMRO Capital France buys NextiraOne

The French private equity arm of the Dutch bank has acquired the former enterprise distribution and services unit of telecommunications group Alcatel from Beverley Hills-based Platinum Equity.

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ABN AMRO Capital France, the French private equity unit of Dutch bank ABN AMRO, has acquired enterprise distribution and services company NextiraOne from California-headquartered Platinum Equity for an undisclosed sum.

NextiraOne, which provides telecom and information system network solutions including network design, implementation, maintenance and management, spun out of Alcatel in 2002.

US private equity firm Platinum Equity acquired the European distribution operations of French telecommunications group Alcatel in April 2002. No sum was disclosed, but the unit was estimated to be worth up to €1.5 billion ($1.91 billion) at the time.

ABN AMRO Capital France said that it has acquired a majority stake in NextiraOne through the current transaction. The firm was not immediately available for comment.

“NextiraOne is one of the leading European providers of integrated enterprise network solutions with more than 100,000 clients across Europe,” said Hervé Claquin, managing partner of ABN AMRO Capital’s French buyout team, in a release. “The company offers the industry’s broadest range of voice, data and converged communication solutions, covering the complete lifecycle and a full range of services from planning and design through to implementation, support and management.”

NextiraOne is the third deal for ABN AMRO Capital France so far this year. In April, the firm and Paris-based mid-market investor Astorg Partners backed a €210 million MBO of French roofing materials company OFIC Group; in February, ABN AMRO Capital France and BBS Capital sold their interests in French installation business Sogetrel to the French arm of Barclays Private Equity in a €90.3 million transaction.