France unquote" October 2011
Insurance group AXA has confirmed that it is currently reviewing options for the sale of its private equity unit, AXA Private Equity (AXA PE).
The insurer has mandated Crédit Suisse to look at options for the divestment, according to sources close to the situation. AXA has stressed that the review was in its preliminary stages and that a sale was only a possibility for the time being.
While the price of $1.5bn has been reported since news broke in mid-September, sources said a €250-450m price tag would be more realistic. A Paris-based GP told unquote" that he didn't rule out a valuation in the region of €600m.
In the September 2011 issue of France unquote":
* Leverage availability: ominous LBO prospects
* Mid-cap valuations up in H1 2011
* And more...
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