French investor CM-CIC will acquire France Distribution Group (FDG) from previous owner Deutsche Beteiligungs AG (DBAG).
Idinvest is currently investing from its €350m vehicle, which held a final close in October 2019
Sale ends a six-year holding period for EQT, which bought the company via EQT Expansion Capital II
In November 2018, KPMG announced it would no longer provide consultancy work for its audit clients
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake