BELGIUM - Inustri Kapital sells Consolis to LBO France
Industri Kapital has announced that the sale of Consolis, European market leader in prefabricated concrete, to LBO France. The transaction allows Industri Kapital and its co-investors to generate a money multiple just shy of three times and a triple digit IRR. The secondary buyout remains subject to regulatory approval.
Industri Kapital acquired Bonna Sabla, the French leader in pre-cast concrete products in October 2005. In November 2005, it merged the activities of Bonna Sabla with Finnish Consolis Oy, the leading pre-cast concrete solution provider and manufacturer of structural precast concrete elements in the Nordic countries, the Netherlands, Poland and the Baltics. The enlarged group is now named Consolis and is Europe’s largest manufacturer of precast concrete elements, with over 100 production plants in 23 countries.
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