Information on the Target

Capital Croissance, an entrepreneur club focused on the growth of SMEs and intermediate-sized enterprises, has recently divested its stake in Oceanet Technology through a complete sale to Céleste. Capital Croissance initially invested in the group in January 2016 during its acquisition of NBS Systems, a Paris-based operator of secure cloud services.

Over the past five years, Oceanet Technology has successfully guided its clients through a rapidly evolving landscape characterized by the growth of public cloud services, cybersecurity integration, and enhanced containerization solutions. With a workforce exceeding 120 employees and headquarters in Nantes, the group has undergone significant managerial transformation, including the hiring of a new Group CEO who, alongside Pierre Voillet, has led extensive organizational restructuring and profitability optimization efforts.

Industry Overview in France

The French cloud services market is experiencing robust growth, driven by increasing demand for scalable and flexible IT solutions. Organizations are progressively migrating their workloads to the cloud in search of operational efficiency and cost reduction. This shift is prompting service providers to enhance their offerings with a focus on security and compliance, which has become paramount for clients in various sectors.

Additionally, the rise of cybersecurity threats has necessitated the integration of advanced security measures within cloud services. As a result, companies operating in this domain are investing heavily in cybersecurity technologies, enabling them to offer robust protections against data breaches and cyberattacks.

Furthermore, the adoption of containerization and orchestration technologies has transformed the way businesses deploy and manage applications. These technologies allow organizations to increase their agility and responsiveness to market demands, driving further growth in the cloud services sector.

These dynamics present both challenges and opportunities for cloud service providers like Oceanet Technology, which have the potential to differentiate themselves through innovative solutions and superior customer service.

The Rationale Behind the Deal

The sale to Céleste was motivated by the desire to enhance Oceanet Technology's growth trajectory through strategic industrial alignment. By merging with Céleste, a recognized player in fiber and network services, Oceanet Technology gains complementary expertise that will bolster its market position and expand its service offerings. The transaction also injects an additional €24 million in revenue, further enhancing the combined entity's financial profile.

Pierre Voillet noted, “Alongside all shareholders, we sought to organize an industrial partnership that we deemed the best option to accelerate the group's development. This operation concludes a remarkable 25-year entrepreneurial journey that has seen Oceanet Technology rise as a leader in managed cloud hosting and services.”

Information About the Investor

Céleste is a prominent telecommunications operator specializing in high-speed fiber networks that enhance connectivity solutions across various industries. With a focus on innovation and customer satisfaction, Céleste is committed to providing reliable and high-performance internet services that cater to the needs of modern businesses.

By acquiring Oceanet Technology, Céleste aims to strengthen its service portfolio while capitalizing on the burgeoning cloud services market. The acquisition aligns with Céleste’s strategic vision to offer comprehensive solutions that integrate both networking and cloud capabilities, positioning the firm as a comprehensive IT service provider.

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The strategic alignment of Oceanet Technology and Céleste appears to be a promising investment, as it not only combines complementary strengths but also positions the merged entity favorably within a growing market. The increasing need for secure cloud services and enhanced networking capabilities makes this acquisition timely and potentially lucrative.

Furthermore, Capital Croissance's involvement in Oceanet Technology during a critical transformation phase showcases its commitment to fostering growth and improving operational efficiency. This partnership has likely equipped the company with the necessary tools and expertise to thrive in the competitive landscape.

Lastly, the positive outlook from both parties on the merger underlines a shared belief in the future potential of the combined organizations. As they leverage their respective strengths, clients can expect to benefit from enhanced service offerings, further solidifying Oceanet Technology’s reputation in the market.

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