Siparex and Cogerfi back JST Transformateurs MBO

Financials details on the transaction were not disclosed; LCL, Natixis and Caisse d'Epargne provided leverage for the acquisition.

US private equity house AIAC acquired its stake in 2006 when JST spun off from Siemens. AIAC had reportedly been looking to sell its stake in the company in 2008; it attracted considerable interest, but the sale process was postponed due to the lack of available leverage at the time.

Founded in 1905, Lyon-based JST Transformateurs designs, manufactures, and maintains electric transformers. It targets the industrial, transportation and energy sectors. The company posted a €114m turnover (up 26%) and €9.8m EBITDA (up 100%) for 2009.

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

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

• Topics
• France
• Buyouts
• Industrials
• France