PAI partners has acquired a stake in Labeyrie Fine Foods from LBO France, with the aim of becoming an equal shareholder in the business alongside French food cooperative Lur Berri.
The transaction is valued in the region of €500m, according to French daily Les Echos – equivalent to 8.2x EBITDA. Following the transaction, the capital structure of Labeyrie is expected to eventually...
IPO sees Prime Ventures and Macquarie among vendors of existing shares worth a total of €153m
Business, founded in 2014, is currently at proof-of-concept stage for its product
Deal marks the GP's second divestment to an international trade buyer since the Brexit vote
Advent will merge the business with portfolio company Oberthur Technologies to form a €2.8bn group