Azulis Capital to sell Bretèche Industrie
Azulis Capital and Unigrains are looking to sell French food machinery firm Bretèche Industrie, according to reports in the local press.
The investment bank Leonardo will run the auction process.
Azulis (then Banexi Capital Partners) and Unigrains acquired the firm in a leveraged buyout in 2006, winning an auction run by Aforge Finance. Crédit Agricole Private Equity (CAPE), Crédit Mutuel Océan and IPO fully exited the company as part of the deal, which was supported by a senior debt package from LCL, and mezzanine from Céréa Gestion, Mezzanis and IDIA.
Bretèche designs, partly manufactures and installs industrial equipment for the food sector, with a particular focus on bakery pastry mixing. In 2011, the firm reported a €161.3m turnover.
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