CVC DIF, the infrastructure business of global private equity manager CVC, has entered exclusive negotiations to acquire a 88 percent stake in French B2B digital infrastructure operator Celeste from Infravia.
Headquartered near Paris, Celeste was founded in 2001 and provides end-to-end digital infrastructure solutions to companies and public-sector organizations across connectivity, hosting and cloud, and cybersecurity services.
Celeste serves more than 20,000 businesses and 3,000 municipalities in France and Switzerland, relying on a fully owned and operated infrastructure platform composed of 13,600 kilometers (8,451 miles) of proprietary fiber network and six data centers.
CVC DIF will invest in Celeste through its DIF Value-Add IV fund, representing its first investment. DIF Value-Add IV invests in companies with strong competitive positions, mostly in the digital, energy transition, sustainable transport and healthcare sectors.
The firm plans to supp
