FRANCE - Astorg makes 3.3x on CIS sale

Ista generated a 2005 turnover of EUR 490m and has been a portfolio company of CVC Capital Partners since April 2003. An IPO on the German stock exchange is expected within a year.

Astorg originally acquired a 90% equity holding in CIS with an equity investment of EUR 40m in July 2004. In August 2002, Barclays Private Equity had backed CIS’ original spin-out from Actaris, itself the subject of a buyout by LBO France at the end of 2001

This is Astorg’s seventh exit this year.

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