Ardian has entered exclusive negotiations to sell its majority stake in Diam Group, a French point-of-sale advertising business, to management and BNP Paribas Développement.
In addition, Agroponiente bolts on Lara Castañeda and increases its stake in Vegacañada
Development comes three years after the GP invested £8m in the construction equipment business
Existing investor Bayern Kapital also takes part alongside new investor Vesalius Biocapital
3i acquires the company for up to €16m, of which €8.7m was deployed on signing the deal