Alliance Etiquettes, a France-based label printing company for the wine and spirits industry backed by Activa Capital, has acquired market peer 5 Sept Etiquette.
UK-based pubs and restaurants have so far remained somewhat resilient, but the situation is still precarious
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