FRANCE - Odysee and AVM acquire AutoReflex in EUR 15m deal

Following the transaction the two investors each hold a 42.6% stake in the business, with the remainder retained by the founding managers.

Based in Paris, AutoReflex specialises in online publishing of ads for the automotive sector. The company's turnover has increased from EUR 2.65m in 2006 to EUR 8.1m last year, with projections putting 2009 revenue up again at EUR 9m. The company has an Ebitda margin of about 30%.

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