JP Morgan and Rothschild have been mandated to run an auction for Starwood Capital’s imminent sale of Taittinger, according to press reports published today. Belgian billionaire Albert Frère, who exited his 25% interest in the French champagne producer five months ago, has been named a probable buyer, alongside Butler Capital Partners. The company is expected to receive a first asking price in excess of EUR 500m.
Sale of the drive technology unit saw interest from sponsors including CVC, Triton and Brookfield
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
This round is an extension to an €11m series-B investment raised by the company in July 2019
Elevat3 Capital and German energy group EWE also back the green project-financing platform