FRANCE - Natixis shows providence with Provident
According to reports, Natixis Private Equity has decided to wind down its subsidiary Provident, which focuses on restructuring opportunities.
Provident had invested a total of EUR 50m and counted watchmaker Guillod Gunther, packaging company Groupe Alplast, and lingerie and swimwear producer Barbara in its portfolio.
Emballys Alplast, holding company of the Groupe Alplast, is currently in liquidation and Barbara, which had gone into administration, has just been purchased by Huit Diffusion.
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