Cinven to take a further 30% of Camaïeu

Cinven has reached agreements to buy 1,811,058 shares at €214.46 per share – a 47.7% premium over the trading price on 25 March. This would value the transaction at €388.4m.

Prices for Camaïeu shares subsequently surged upwards from €145.2 on 25 March to €210 today. Its market cap currently stands at €1.27bn.

Cinven already owns around 65% of the company through its holdings Modamax – which it acquired from AXA Private Equity in 2007 – and La Licquière. If this latest transaction goes through as planned, Cinven would control 95% of Camaïeu and would take the business private before June 2011.

Founded in 1984, Camaïeu specialises in the design and distribution of women's clothing. The company posted an €809m turnover and €136m EBITDA for 2010.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• France
• PIPEs
• Consumer
• France
• Cinven
• Take Private