Chevrillon & Associés and IDI have each acquired 40% of insurer Albingia, while management retained a 20% stake. The vendors, Baclays Private Equity (Barclays PE) and insurance group AXA, have sold their entire stake after a Rothschild-run auction which attracted around 10 private equity and industrial bidders including PAI partners and Sagard.
Existing investors including Softbank and Lakestar reinvest in the tourism booking platform
Andera has reinvested and Prenax has acquired LM Information's subscription management business
Sale ends a six-year holding period for KCP, which backed the company with a £3.3m investment
Danish internet company could reportedly be listed at a valuation of $1bn