Global investment firm Carlyle has entered into exclusive negotiations to a sell a controlling stake in Euro Techno Com Group (ETC), a distributor for the telecom network and technology infrastructure industry, to Cinven.
As part of the transaction, Carlyle will re-invest for a significant minority stake. The transaction is subject to works council consultation and customary regulatory approvals. The financial details of the transaction were not disclosed.
Carlyle invested in ETC through Carlyle Europe Technology Partners (CETP) IV, a €1.35 billion fund that invests in small and mid-market technology-focused opportunities.
Read more: Private Equity Wire
