Pragma Capital acquires IMV Technologies from OFI Private Equity

The exit provided OPEC with €39m in cash; the firm will reinvest €5m to retain a 11% stake in the business. OPEC took IMV Technologies private in 2007 for €31.1m; under its ownership, the company performed four bolt-on operations, increased its presence in emerging countries and opened a new industrial site. OPEC reaped 2.5x its original investment, equating to a 30% IRR.

Established in 1963 and headquartered in Aigle, Normandy, IMV Technologies designs, manufactures and sells products used in the artificial insemination of several animal species. The company posted a €44.4m turnover for 2009, 80% of which was generated outside of France.

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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