
FRANCE - AXA Private Equity backs Brittany-based house builder
AXA Private Equity has acquired a minority stake in Trecobat, a house-builder focused on Brittany.
La Compagnie Financière du Crédit Mutuel underwrote the deal's two-tranche senior debt package. Organic growth of 10% is expected, thanks to an expansion into neighbouring regions and to the success of the company's wooden homes.
Established in 1972, the company employs 250-300 staff and generated sales of EUR 105m in 2006.
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