Apax France has sold French loss adjustment group Texa to Naxicap, putting an end to a four-year holding period. Alice Tchernookova reports
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company