The second acquisition for the company in 2011 will be primarily financed through an increase in the capital subscribed by all shareholders.

In July 2010, initially Credit Agricole acquired a stake in the company in during a primary LBO and in June 2011 Credit Agricole worked with Exclusive Networks in the UK.

Group CEO and chairman Olivier Breittmayer said that the acquisition of the Exclusive Networks Group is the first ever major, pan-European VAD business to high-margin, disruptive technologies found in nationally focussed specialist distributors.

Credit Agricole Private Equity director Philippe Zurawski said that this strategy of targeted acquisitions should enable it to achieve the target set in 2010 of trebling in size in the space of five years.

Currently, Exclusive Networks operates in 13 countries.