Quilvest exits recycling firm Paprec

Quilvest took a minority stake in the company as part of the MBO led by Financiere Agache, Paris Orleans and CEO Jean-Luc Petithuguenin in June 2008.

Financiere Agache, part of Groupe Arnault, acquired 37.74% of Paprec for €100m as part of the deal, including a €75m capital increase. Petithuguenin held 38% through holding company JLPP. BNP Paribas and Credit Agricole CIB provided a €150m debt package for the transaction, which was used to refinance €75m of existing debt.

Company
Paprec is a French recycling and waste management business, based in La Courneuve. It primarily focuses on the recycling of paper, plastics, non-hazardous industrial waste and construction-related waste. Founded in 1994, the company's annual revenues for 2012 are expected to amount to €700m on five million tons of  recycled waste. Paprec operates 54 facilities across France and Switzerland.

People
Jean-Luc Petithuguenin is founder and CEO of Paprec.
 

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