FRANCE - 3i cedes position in Cair
3i has ceded its 34% stake in Groupe Cair to Creadev, an investment company owned by the Mulliez Family. The divestment was made through Creadev's acquisition of Groupe Cair's main subsidiary Homeperf, a home care company. Following 3i's exit, Groupe Cair will continue to operate as a separate entity wholly owned by company CEO Georges-Antoine Lopez.
Cair Group, based in near Lyon, specialises in the design, manufacturing and distribution of medical devices for home and hospital care. The company was founded in founded in 1987 and recorded a turnover of EUR 65m last year.
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