Siparex invests in Groupe Legallais

The undisclosed investment was made via the Siparex Midmarket II fund. The family-owned business will use Siparex's backing to accelerate its growth in the near future.

Groupe Legallais distributes ironmongery products to professionals across France, targeting lockmakers, carpenters and building companies among others. Founded in 1889, it increased sales by 8% in 2009 and is looking at a €130m turnover for 2010.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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