FRANCE - Eurazeo and its LPs invest EUR 500m equity in Elis deal

Goldman Sachs is believed to have run the auction for this deal, while Calyon, which led a EUR 440m refinancing in summer 2005, is likely to be involved in the provision of debt.

PAI partners completed the EUR 1.5bn secondary buyout of the company in 2002. On that occasion, previous investor BC Partners re-invested to retain a 30% stake.

The original buyout by BC Partners, completed in 1997, valued the company at EUR 936m.

Elis rents and maintains professional clothing, sanitary equipment, carpets and water fountains, generating a turnover of approximately EUR 950m, and employing 13,000 staff.

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• Buyouts
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