Carlyle to Buy French Sovereign-Cloud Group Ciril: Informé (1)

(Updates to show Carlyle declines to comment.)

US investment firm Carlyle beat out competing bidders to buy France’s Ciril Group, which provides sovereign cloud and software services to French local authorities, trade unions and the private sector, according to L’Informé.

• Carlyle’s offer values Ciril Group at €525 million, according to the news website
• Due to the sensitivity of Ciril Group’s activities, the French Finance Ministry is closely following the company, L’Informé reports
  • French state-owned investment firm Bpifrance is considering taking a stake alongside Carlyle, L’Informé says
• Ciril Group didn’t immediately respond to an emailed request for comment
  • Carlyle declines ...