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Paris-based AXA completes E148m management buy-out of Tokheim International.22/04/2003. Source: AltAssets. 
 Paris-based AXA Private Equity has completed the management buy-out of Tokheim International, the leading provider of service station equipment in Europe and Africa. The deal is worth in the region of E148m.
AXA has paid around E140m in addition to assuming some E8m of debt. The private equity firm will own a 94 per cent equity stake with the remaining six per cent being held by the management led by Patrick Berthon, who was vice president of sales for the business unit.
AXA Private Equity maintains funds with assets in excess of E4.2bn and has equity interests in over 80 portfolio companies. In August 2002 AXA acquired French construction materials business Bonna sabla from Vivendi Universal.
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