Naxicap takes majority stake in IMX France
Naxicap Partners is understood to have backed the management buyout of French delivery services company IMX France.
Naxicap is believed to have acquired an 80% stake in the business from its founder and another private investor. LCL and Bred Banque Populaire reportedly provided a senior debt package to leverage the transaction on a 1:1 debt-to-equity ratio basis.
Company
Established in 1989, IMX France offers delivery services to clients in the press and direct marketing sectors. It also recently diversified into delivering parcels for e-commerce merchants.
The company employs around 30 people and reportedly posted a €20m turnover in 2011.
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