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.
TCA forms part of the shareholding of France-headquartered asset manager Tikehau Capital
MD Start, which is a group of three funds, was started by Sofinnova Partners in 2010
Sale ends a four-year holding period for the GP, which bought the company via its BCPE Fund II
Fund has a growth equity strategy, and enables the firm to make minority investments of $50-150m