FCDE (Fonds de Consolidation et de Développement des Entreprises) has bought a majority stake in French vehicle testing and certification services provider Utac Ceram for €50m from the CCFA (Comité des Constructeurs Français d'Automobiles) and management team, which have retained a minority stake.
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016