Azulis Capital acquires Optimum from GMS Investissements
Azulis Capital has acquired French closet doors manufacturer Optimum from GMS Investissements.
The company is valued at €32m, including a €7.4m net debt. GMS originally acquired the business in March 2006.
Founded in 1981, Optimum designs and manufactures closet doors, both standard (53% of sales) and custom-made (41% of sales). With a 200-strong workforce, the company posted a €43m turnover for 2008.
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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