SBO is financed via GP’s €350m second fund
It would seem some unoriginal moves have been made in deal origination
Deal comes almost three years after Sagard's acquisition
LBO France had bought business from Ardian in late 2012
Company hopes to double its industrial capacity
Private equity backers secure minority stake in deal valued at around €250m
Deal marks Corialis's fourth stint under private equity ownership
Deal will mark fourth private equity buyout for the company
Company management and employees to remain majority shareholder
French veterinary laboratory Ceva Santé Animale, backed by Nixen, Euromezzanine and Sagard, has mandated Lazard to explore the possibility of a sale in the first half of 2014.
Fläkt Woods, a global air treatment and ventilation provider backed by Sagard and Equistone, has received a firm €193m offer for its Infrastructure & Industry activity.
Sagard has taken a minority stake in French online insurance broker Groupe Santiane, while previous backer BNP Paribas Private Equity has exited the company.
Vermeer Capital has acquired a majority stake in RLD, a French business specialising in the rental and laundering of workwear, from fellow GP Sagard.
The sale process of Sagard-owned Régie Linge Développement (RLD), a French business specialising in the rental and laundering of work wear, has reportedly stalled over debt concerns.
Sagard Private Equity has acquired French discount wholesaler Stokomani from Advent International, a transaction valued at €200-210m.