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...
Apax France acquired a majority stake in the group in March 2016
21 Partners had acquired a 75% stake in the recreational vehicles group in 2008
Settlement also relates to allegations related to a partner's expenses
unquote" lists the five largest buyouts to have taken place so far this summer across Europe