FSI and Euromezzanine take minority stake in Carso
FSI and Euromezzanine have taken a minority stake in French analytical services providers Carso, while 3i and Siparex fully exited the company.
FSI and Euromezzanine invested €20m and €33m respectively, valuing the company at €130m. Carso chairman Bruno Schnepp will remain a majority shareholder.
3i and Siparex participated in a €12m round of funding for Carso in 2005. Since then, the company has performed several acquisitions and saw its turnover increase from €40m to €110m. The exit allowed 3i to reap a 3.4x return on its original investment.
Founded in Lyon in 1992, Groupe Carso provides analytical services to various industries including healthcare, environmental services and food processing. The group posted sales of €110m in 2010 and employs 1,400 people.
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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