Apax Partners is in exclusive negotiations to acquire France-based Snef Telecom in a carve-out from its parent company, electrical engineering and construction company Groupe Snef, according to a report from Capital Finance.
Company will now operate as Aurora Lichtwerke and was sold as part of a non-core asset divestment
Canadian GP previously owned around 20% of the listed education company
French bank BPCE mandated advisers to sell the Germany-based digital banking platform in 2018
ECI is currently investing from its ECI 11 fund, which closed on £700m on July 2018