Private equity firm Crédit Mutuel Equity (CME) has acquired a minority stake in France-based B2B leasing service Axialease through a leveraged buyout transaction, in which CME invested €4.7m.
Sale process saw EBITDA adjustments due to the hygiene product company's increased revenues
Company has raised more than €50m in funding so far.
Holdco plans to file a proposed public buyout offer with French regulator AMF at €90 per share
Submission proposes a bridge funding facility in the form of a convertible loan of up to £5m per company