Equistone acquires cloud computing operator, Adista

Equistone Partners Europe has acquired cloud computing operator Adista.

Following the transaction, Equistone will hold a majority stake in the company, alongside founding management Gilles and Pascal Caumont, regional investment fund GEI (a current shareholder which will reinvest in the company) and Institut Lorrain de Participation (a long-term shareholder).  Forty of the Company’s managers will also participate in the transaction, investing in the group to become minority shareholders.
 
Founded in 1981 in Max?ville, France, Adista is a telecommunications networks and cloud computing services provider to corporates and local governments. Adista supplies connections to High- and Very-High-Speed networks, predominantly using fiber optics, as well as satellite, radio-relay, mobile and copper networks.
 
Adista provides a bespoke offering for internet access to virtual private networks, with a broad range of services including: IP telephony, unified communications, videoconferencing, internet filtering and security services. The Company helps its clients take advantage of the “IT as a Service” model by supporting the digitalisation of their commercial activities including facilities management, joint management, application hosting, contingency plans, communication and collaboration services.
 
Today, Adista has 330 employees in 24 local branches across France. Its technical expertise, quick response time and flexibility have won it a diverse client portfolio across the public and private sectors. Adista has enjoyed strong growth for many years, with sales rising from ˆ30 million in 2012 to ˆ75 million the financial year 2016. With Equistone’s support, the Company aims to double its sales over the next five years.
 
The completion of this transaction is subject to approval from competition authorities.
 
Gilles Caumont, CEO of Adista commented: “We are delighted that Equistone will be by our side as we continue to build on the strong headway our company has made. This support will help us pursue our growth strategy in a booming market. Adista aims to become a leading supplier to companies and local governments, offering unique and innovative services to guide them through their digital transformations.” 
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