UNQUOTE

Siparex exits Keria

  • Greg Gille
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Siparex has sold its entire stake in lighting products retailer Keria to the founder's family.

Siparex invested €3m in 2000 through its SPF II fund and its listed vehicle Siparex Croissance, for a minority stake in the company. The return on investment was not disclosed.

Founded in 1982, Keria operates 140 stores through its Keria and Laurie Lumières chains. It posted a €110m turnover for 2009, almost double its revenues in 2000.

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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