Carvest to buy Rave from Naxicap and Siparex

Naxicap would exit the business while Siparex would reinvest alongside Carvest, according to French publication Capital Finance, which broke the news.

Naxicap and Siparex initially backed a first buyout for Rave in 2005 – both GPs reinvested in a secondary buyout two years later as one of the company's founders exited the business.

Rave was founded in 1943. The firm is a service provider specialising in transport and logistics, essentially in the general goods and the steel industry sectors. It recently acquired 50% of its competitor Sopitra, adding €40m in annual revenues to its own €90m turnover. Rave employs more than 850 staff.

None of the parties concerned were available for comment at this time.

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• Topics
• France
• Buyouts
• Exits
• Industrials
• France
• Naxicap
• Siparex
• Secondary buyout