IDI reaps 3x money on SFPI exit

The sale allowed IDI to reap in excess of 3x its original investment in SFPI. IDI acquired its 12.36% stake in 2003. The identity of the buyer remains confidential for the time being.

Since IDI's original investment, the SFPI group has made several bolt-on acquisitions. It notably bought electronic security specialist Eryma in 2010.

Company
The SFPI group was established in 1983. It specialises in the manufacture and distribution of building materials and fixtures. SFPI also operates as a supplier to a wide range of industries, notably offering a range of heating and ventilation equipment.

SFPI employs 3,800 staff and posted a €450m turnover in 2010.

People
Christian Langlois-Meurinne, Damien Hereng and Tatiana Nourissat led the deal for IDI.

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