Axa PE to arrange unitranche for IPH buyout

The deal could be finalised next month, according to media reports. PAI agreed to buy IPH from Investcorp at the end of December for an estimated €465m.

Axa PE ramped up its unitranche activity in 2011, putting €400m from its mezz funds to work over a six-month period. The firm also provided a unitranche facility for the SBO of Kermel by Qualium, one of the very few buyouts that took place in France last summer.

IPH, headquartered in Lyon, has a turnover of €895m and employs 3,280 people in its regional operations in France, Germany, Belgium, the Netherlands and Romania.

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• Topics
• France
• Financing
• Industrials
• PAI Partners
• Axa Private Equity