Bridgepoint and Apax acquire two jewel retailers for €600m

Both investors have been shareholders of Histoire d'Or in the past. Bridgepoint participated in the original buyout of the company in 1991, for the equivalent of €12m. Apax took a 38% stake in 1998. Their familiarity with the business and the management, which also took a stake in the buyout, were a decisive factor in this latest operation.

Silverfleet invested in the tertiary buy-out of Histoire d'Or from Apax in 2006. It reaped a 3x return multiple and 27% IRR on its original investment. Qualium Investissement acquired Marc Orian from Crédit Agricole Private Equity in 2006 for an estimated €140m value.

The merged entity employs 2,700 staff and posted a €350m turnover 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

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• Topics
• France
• Buyouts
• Consumer
• Bridgepoint
• Apax Partners
• France