Charterhouse Agrees to Buy Tech Firm Sagemcom From Carlyle

Charterhouse Capital Partners agreed to buy French technology company Sagemcom SAS from Carlyle Group LP, Carlyle said in a statement Monday.

Carlyle, which acquired a majority stake in Sagemcom in 2011 out of its 5.4 billion euro Carlyle Europe Partners III fund, got almost 400 million euros ($449 million) for the asset, according to a person familiar with the matter, who asked not to be named because the details are private.

Paris-based Sagemcom specializes in equipment such as set-top boxes for televisions and internet routers, as well as smart-energy meters and other web-connected appliances. Charterhouse has made previous investments in this industry, including Ista Energy Solutions Ltd., a German utility meter company that the buyout firm sold in 2013.

Charterhouse’s portfolio also includes companies such as Bartec Top Holding GmbH, which makes technology to prevent explosions, monitor conditions and promote safety in hazardous environments, and Tunstall Healthcare Ltd., which makes sensors and monitors used in care for the elderly and chronically ill.

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