CVC DIF to acquire a majority stake in Celeste

CVC DIF, the infrastructure business of leading global private equity manager CVC, has entered into exclusive negotiations to acquire a 88% stake in Celeste, from Infravia. Celeste is a French B2B digital infrastructure operator, serving more than 20,000 businesses and 3,000 municipalities across France and Switzerland. Following the planned transaction, CVC DIF will support Celeste in accelerating its development, with a particular focus on expanding its cloud and cybersecurity activities while continuing to strengthen and densify its infrastructure network.

Besides De Pardieu, Lenz & Staehelin acts as Swiss counsel to CVC DIF. The team is led by Simone Ehrsam and Tino Gaberthüel (both M&A) and includes Lukas Held, Nils Maag (both M&A), Joel Rupp (Real Estate), Helin Dalla Palma (Employment), Peter Ling, Anna Züst (both IP) and Lukas Staub (IT, Telecom).