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Constellation

  • Sector Services and Software
  • Year invested 2024
  • Location France
  • Status Current

Constellation is an IT Services consolidation platform specialising in hybrid cloud and cyber managed services.

Visit constellation.fr

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  • Adobestock 105568884
  • Adobestock 136151910

Overview

Headquartered in Saint Cloud near Paris, Constellation services approximately 600 mid-sized and enterprise companies, allowing them to securely outsource the management of their IT infrastructure in all types of environments (public cloud, private cloud and on-premise).

Constellation acts as a single point of contact, offering a full suite of services in hybrid cloud and cyber managed services with 2-3 year contracts and high customer stickiness.

Our investment will enable Constellation to further accelerate its growth, both organically and through add-ons. It fits perfectly in our areas of focus in IT Services, notably cloud and cyber which are the two fastest growing segments in the market. We will support Constellation in its next growth phase by leveraging our expertise in buy-and-build, and continue to support the group in its advocacy for circular IT and sustainability. 

What attracted us

Constellation is one of the larger players focused on the mid-sized/enterprise customer segment in France with a superior level of customer satisfaction. The company has consistently delivered double-digit organic growth, driven by a strong value proposition and superior service quality that helps both retain and attract new customers.

Constellation operates in a large addressable market driven by sustainable tailwinds, including the corporate digitalisation mega-trend, the increased outsourcing of infrastructure and application management by IT departments, the transition to hybrid cloud and the need for cyber security.

The management team has demonstrated its buy-and-build know-how, with 19 acquisitions since 2016 and tangible value-creation results, and the company is a strong advocate of climate transition within the IT sector. 

3i’s expertise in IT Services and their extensive experience in supporting companies experiencing high growth make them an ideal partner for us. Constellation has significant opportunities to seize in its market and I am excited to welcome the team at 3i to execute on our growth strategy.

Etienne Besançon , Founder and CEO, Constellation

Regulatory information
This transaction involved a recommendation of 3i Investments plc, advised by 3i France.