The equity investment is the largest ever made by a single private equity firm in France, Carlyle said in a statement.
“Carlyle’s financial strength and depth of experience, gained from numerous investments, including Casema, Com Hem, UPC Sweden and Bredbandsbolaget in Europe, will enable us to be a strong partner to management and existing shareholders, Altice and Cinven, in progressing the companies’ development,” commented Benoît Colas, a managing director at Carlyle.