FRANCE - AXA Private Equity increases stake in Spotless

The stake was acquired from the Gualandi family, which invested in the business in 2006. The family will retain a 12.6% interest, while the management team will hold 16% and European Capital retaining 5.8%.

AXA PE created The Spotless Group in 2005. Since its inception, the company has completed seven bolt-on acquisitions, with the most recent being that of UK-based company Dylon International Ltd. Spotless, which owns brands such as Eau Ecarlate, Eparcyl, Vigor and Javel Dose under its wing, currently employs 400 people and predicts a turnover of 370m in 2008.

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• Topics
• Expansion
• Healthcare
• France