Spie eyes IPO

According to reports, Spie's private equity backers - which also include Caisse de depot placement du Quebec - will make their decision within the next two to three months.

In April 2012, Spie issued a €375m high-yield bond to refinance the debt structure put in place when it was purchased from PAI Partners in May 2011. The bond saw the company's bridging loan refinanced.

A private equity consortium led by CD&R acquired the French engineering group in May 2011 for €2.1bn. The deal saw CD&R injecting €510m of equity, while Ardian (known at the time as Axa Private Equity) and Caisse de depot placement du Quebec contributed around €140m each.

Spie is a multi-technical services group with a focus on electrical, mechanical and HVAX engineering, energy, communication networks and railway infrastructure.

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• Topics
• France
• Industrials
• Exits
• Clayton Dubilier & Rice
• Ardian (formerly Axa PE)
• France