FSI Régions backs Abzac
FSI Régions has injected €2m into French cardboard tubes and core provider Abzac in exchange for a minority stake.
The investment was made through the OC+B fund, a €300m FCPR vehicle that invests in convertible bonds. The capital injection will allow Abzac to modernise its production process.
Company
Founded in 1928 and based in Gironde, Abzac produces cardboard tubes and cores for the paper, film, non-woven and textile industries and building materials market. The firm operates in France, Spain, Romania, Canada and the US. Abzac reported a turnover of €81m.
People
Serge Mesguich and Sybille de Richecour led the deal for FSI Régions.
More on France
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater
EU FSR could impact PE fundraising with potential rise in ‘clean funds’
FSR could lead GPs to create funds without foreign LPs; red tape around sovereign wealth funds likely
Letter from the editor: Unquote is moving to Mergermarket
Unquote Editor Harriet Matthews outlines Unquote.com's upcoming move to the Mergermarket platform and the new capabilities and intelligence that this brings to Unquote readers
IK Investment-backed Eres expected to hit the auction block by 2024
French employee savings distribution and management firm could be valued at a few hundred million euros
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater