Industries et Finances nets 4.5x return in Caterine group sale
Industries et Finances has divested its stake in restaurant business Caterine Restauration to trade player Compass Group.
The sale allowed Industries et Finance to reap a 4.5x money multiple.
Founded in 2006, Caterine Restauration is the result of the merger between six businesses specialised in the preparation of meals off-site and has a presence in the west, southwest and central France.
Since 2006, the company’s revenue has registered an average annual growth rate of 7%, while the EBIT increased from 8% to 11% in the same period. Last year the group reported a €42m turnover and forecasts this figure to grow to €47m in 2010.
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