France unquote
Eurazeo doubles money on Edenred exit
Eurazeo has sold its 10.2% stake in French prepaid corporate services company Edenred SA, reaping a multiple of 2x its initial investment.
Blackstone et al. circle Electra‘s Allflex
Electra Partners' livestock identification company Allflex has attracted interest from a dozen private equity firms, including Blackstone, Carlyle and Bain Capital, according to reports.
Bridgepoint's Siblu in €80m refinancing
Siblu, a portfolio company of Bridgepoint Development Capital, has completed an €80m refinancing.
Carvest to buy Rave from Naxicap and Siparex
French transportation services group Rave is reportedly about to be sold by Naxicap and Siparex in a tertiary LBO backed by Carvest.
Innovacom backs Green Communications
Innovacom has invested in French digital start-up Green Communications as part of a €600,000 funding round.
Axa Private Equity arranges €220m unitranche for IPH buyout
Axa Private Equity has arranged a €220m unitranche debt facility for the secondary buyout of industrial supplies distribution company IPH by PAI partners – a transaction which saw vendor Investcorp reap a €210m windfall.
Natixis appoints Pierre-Henri Denain to head of EMEA
Natixis has appointed Pierre-Henri Denain to head the EMEA platform in the firm's wholesale banking division.
Naxicap and Siparex buy IPC
Naxicap and Siparex have acquired a majority stake in French cleaning products supplier IPC from Ciclad and private holding MFGI.
Ventech et al. in €6.5m round for Ad Valem Technologies
Ventech and A Plus Finance have taken part in a €6.5m round of funding for French fibre optics broadcaster Ad Valem Technologies.
Xerox buys Impika from Siparex et al.
A consortium of French private equity houses including Siparex, CM-CIC Capital Innovation, Turenne Capital and XAnge Private Equity have sold inkjet printing solutions business Impika to Xerox.
Siparex invests €1m in VitrineMedia
Siparex has injected €1m into French back-lit signs manufacturer VitrineMedia.
Seventure et al. inject €7.1m into Recommerce Solutions
Seventure Partners, CDC Entreprises and 3T Capital have provided French used electronic products retailer Recommerce Solutions with a €7.1m round of financing.
NBGI acquires Stiplastics
NBGI Private Equity has acquired French packaging company Stiplastics.
Equistone to buy Meilleurtaux
Equistone has entered into exclusive negotiations with French banking group BPCE regarding the sale of real estate mortgage adviser Meilleurtaux.
Montefiore to back BVA
Mid-cap GP Montefiore Investment is reportedly about to invest in French opinion polls and social research business BVA.
CDC Entreprises et al. invest €7m in Compario
CDC Entreprises, Capitalaria, iSource Gestion and XAnge Private Equity have participated in a €7m funding round for French software-as-a-service (SaaS) firm Compario.
Isai invests €2m in Hospimedia
Isai Gestion has injected €2m into French medical information website Hospimedia, in what marks the first investment from its latest fund.
CVC, BC Partners to team up for Elior bid
UK-based private equity houses CVC Capital Partners and BC Partners are reportedly planning a €3.5bn bid for French catering company Elior.
Activa Capital sells Logitrade to Soridec et al.
French mid-cap GP Activa Capital has sold outsourcing business Logitrade to regional growth capital specialists Soridec, Sofilaro, Sofipac, Multicroissance and Sopromec.
CDC Entreprises, I-Source, Bouygues in €3.7m round for Ijenko
French energy management solutions provider Ijenko has raised €3.7m in its third round of institutional funding since 2010.
PE-backed Labco in €100m high-yield refinancing
French medical diagnostics company Labco has made a €100m bond issue to repay the outstanding amounts borrowed under its revolving credit facility.
Ace and CM-CIC in €3.2m round for Socomore
Ace Management and existing backer CM-CIC Capital Finance have taken part in a €3.2m funding round for Socomore, a French producer of surface treatment solutions used in the aerospace industry.
Private equity backers sell Rexel stake for €640m
Private equity backers including Clayton Dubilier & Rice and Eurazeo have sold a 14.7% stake in French listed electrical distributor Rexel for €640m.
French retail fundraising down for fourth year in row
France's FCPI and FIP retail vehicles – used extensively by the country's venture and growth capital players – raised €646m last year, down 12% from 2011 figures.