LBO France to sell Medi-Partenaires
LBO France is planning to sell its stake in French clinic operator Medi-Partenaires, according to media reports.
It is understood Rothschild has been mandated to manage the estimated €1bn sale. LBO and Medi-Partenaires' managers currently own the majority on the company. The management is reportedly re-investing its proceeds.
LBO backed the €600m buyout of the company in 2007, alongside Barclays Private Equity, in a deal supported by debt and mezzanine financing from Credit Agricole and Intermediate Capital.
During LBO's three-year holding, the company has seen its revenues double, from about €228m in 2007, to its estimated current levels of about €500m.
More on Exits
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Ares Management handed keys to two-thirds of UK sponsor’s portfolio
Lender provided GBP 500m for three of the GP's deals between 2016 and 2019, Debtwire reported
Actera Group explores strategic options for Celebi Ground Handling
Several investors placed bids for the company in 2022 but mismatch in pricing didn't lead to a deal
Main Capital’s Assessio to be sold to Pollen Street
Recruitment software company tripled in revenue under Main Capital’s ownership
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater