Supported in minority by CM-CIC Investissement and Unexo, the electronic communications operator is refocusing on very high speed wireless broadband after the sale of its installation subsidiary Infratel, which generates €4 million in revenue to the integrator Sogetrel.
Nomotech is implementing a strategy to refocus on its core business. Supported in minority by CM-CIC Investissement and Unexo since 2014, the electronic communications operator is selling one of its subsidiaries, Infratel. The new owner, the Sogetrel group – with which it had business relations – has just structured a fourth LBO around Latour Capital as lead, alongside Bpifrance, Paluel-Marmont Capital and BNP Paribas Développement for a valuation of around €170 million. PAX Corporate Finance teams assisted the seller in this transaction, which was carried out without an auction process. Based in Poilley in the Messina region, Infratel specialises in the deployment and maintenance of Nomotech’s radio networks as well as other players such as Circet. It has five offices in France, including an engineering office. Last year, its turnover amounted to around €4 million for 50 employees.