
iXO backs Enseignes Hode MBO
iXO Private Equity has taken a majority stake in the management buyout of French advertising material specialist Enseignes Hode.
The GP is understood to have secured a 66% stake in the business via its FIP funds. The rest of the company is held by Philippe Dubois, formerly responsible for the company's industrial marking division and who will now head Enseignes Hode.
Company
Founded in 1987, Enseignes Hode provides advertising material such as signboards, flags and stickers. It targets industries including transportation, construction and events organisation.
The company has also recently diversified its activity by offering industrial marking services. It has notably worked with Airbus for the past seven years.
Toulouse-based Enseignes Hode employs around 40 people. It posted a €6.7m turnover and €1.6m EBITDA in 2011.
People
Nicolas Olives led the deal for iXO.
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