FRANCE - European Capital acquires minority stake in listed-hearing aids business

The holding, which controls 54% of the company, is 55% owned by the company's founding CEOs. The stake acquired by European Capital previously belonged to FPG-LFPI, a Lazard-backed private equity firm, which generated a 3x money multiple and 40% IRR from the sale before the summer of 2007.

Audika generated revenues of EUR 79m in 2006.

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