Credit Agricole PE sells stake in Altrad

Crédit Agricole Private Equity invested €15m in Altrad through its Capital Développement & Transmission fund in 2005. Co-investors Crédit Agricole de Provence Alpes Côte d'Azur and Crédit Agricole du Languedoc Roussillon contributed €1m via their respective vehicles Sofipaca and Sofilaro. Management retained a majority stake in the business.

Founded in 1985, Florensac-based Altrad manufactures and sells equipment for the construction industry, including cement mixers and scaffoldings. Since Crédit Agricole's original investment, its turnover has grown from €180m to €440m.

The exit allowed Crédit Agricole PE to double its original investment.

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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