FRANCE - Barclays Private Equity sells Laho to Loxam

Barclays Private Equity acquired 60% of Laho in March 2005, providing an exit for Industri Kapital, for whom this had been the first French deal.

Laho generates a 2006 turnover of EUR 124m, compared with EUR 115m in 2004.

Loxam's latest MBO, backed by UI Gestion, Alpha Associés Conseil and HarbourVest in 2004, valued the company at EUR 520m. A EUR 465m refinancing took place in May 2006. The company recorded sales of EUR 540m in 2006.

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