Tofane Global, the leading communications solutions group enabling operators and digital players worldwide, confirmed on February 8 the closing of its acquisition of iBASIS, formerly a Royal KPN N.V. company.


In September 2018, CICLAD took part in the acquisition of the Altice Europe N.V. international voice carrier businesses in France, Portugal, and the Dominican Republic, by Tofane Global, spearheaded by its CEO, Alexandre Pébereau. With this new transaction, CICLAD has increased its stake in the group. Tofane Global now owns and operates all companies, which will be consolidated under the new iBASIS, rebranded to launch at closing. As a result, the group represents an estimated USD 1+ billion in annual revenue, becomes the third largest wholesale voice operator, services 1,000+ customers worldwide, and brings together 300 employees across 18 offices on four continents. Read More


We are happy to welcome Edouard de Kermandec and Thomas Deborne as new junior associates in the Paris Office.

An ISEP and ESSEC alumni, Edouard started his career in the M&A team of BNP Paribas in New York and Paris. An EDHEC and London School of Economics (LSE) alumni, Thomas started his career in Private Equity firms (Azulis Capital and Ardian).

CICLAD’s team is now 18 people strong, 16 in Paris and 2 in Lyon.

Human Design Group takes part in the Digital Humanities conferences held at the University of Geneva

The University of Geneva is organizing a series of conferences on the Digital Humanities in 2019. Human Design Group, a company in which Ciclad invested recently, will take part in the debate, and host a discussion on “Affective Computing: how does your computer love you?”. Dr. Guillaume Chanel, a Human Sciences Data Scientist at Human Design Group and researcher at the Swiss Center for Affective Science at the University of Geneva (UNIGE), will explain how the relationship between man and machine is evolving, and how recent developments in technology are allowing for emotions to be a part of this relation.

This is but one of the issues at the heart of Human Design Group’s work as a pioneer and expert in the field of Human Factor, User Experience, and Ergonomics consulting for over 40 years. Read More


We are pleased to announce that CICLAD has organized an Owner Management Buy-Out coupled with a capital increase of VitrineMedia alongside its three current managers. Founded in 2007 by Thibault Guillaume and Benjamin Champagne, VitrineMedia employs 160 people with an associated turnover of more than €16M. VitrineMedia is the French leader of windows display solutions for real estate agencies. VitrineMedia has also a strong position abroad with over half the sales as exports. The business plan consists in accompanying the management in the future growth of the company in France and abroad, through the consolidation of LED solutions’ sales as well as the development and the marketing of new products (dynamic display).