LBO France has acquired French industrial group Alvest from AXA Private Equity and Equistone.
The completion of the transaction remains subject to approval from regulatory authorities. Rothschild handled the sale on behalf of the vendors. AXA PE took Alvest (then TLD Group) private for €90m...
New combined entity will generate revenues in excess of €300m
Investment marks the fourth round of funding for the UK-based tyre replacement business
Deal marks the fund’s second transaction executed on a stand-alone basis
Backers include existing investors Capnamic Ventures and Iris Capital, as well as business angels