K & R Eilers GmbH has been acquired by Groupe Circet S.A./Advent International

The private shareholder of K & R Eilers GmbH has sold the company to Groupe Circet S.A., backed by Advent International. The seller will continue to manage the company and reinvest in the new parent company. This transaction will provide K & R Eilers better access to financing and to enable faster growth and more market opportunities.

K & R Eilers is a medium-sized construction company with 240 employees based in Lower Saxony, Germany. As a service provider for regional and supraregional customers, the company acts as a partner for all types of work related to supply lines (digital infrastructure, FTTH, electricity, gas and water) and in the civil engineering field. The company also undertakes repair and installation work. Its main customers are municipal utilities and power suppliers.

Groupe Circet is the number one telecom network service provider in Europe with operations in France, Germany, Ireland and the United Kingdom, Spain and Morocco. While the telecom industry and stakeholders are investing massively in the deployment of very high-speed fixed and mobile networks, Circet delivers state-of-the-art, end-to-end solutions that span from infrastructure and network engineering, build-out, activation, operations and maintenance services to subscription management. As a recognized market leader for its agility and flexibility, the company serves telecom service providers and manufacturers, network infrastructure owners and operators, as well as state and local government bodies. In 2019, the group had revenues of US$1.6 billion and 6,300 employees.

Oaklins’ team in Germany advised the shareholder of K & R Eilers GmbH on the sale of 100% of his shares to Groupe Circet S.A./Advent International. The team developed the financial model together with the client and ran a limited auction process with more than ten bidders submitting offers.