PRINT THIS PAGE Carlyle and Eurazeo sell French clay tile manufacturer Terreal to LBO France for €860m02/08/2005. Source: AltAssets. 
 US private equity giant The Carlyle Group and France-based Eurazeo have agreed to sell Terreal to LBO France in a deal valued at €860m. Terreal makes clay construction products for roofs, structural work, wall claddings and decoration environmental protection.
Carlyle and Eurazeo bought Terreal from Saint-Gobain in 2003. Carlyle owns 60 per cent of the company and Eurazeo 40 per cent.
Benoît Colas, managing director at Carlyle, said, 'We are very pleased with our investment in Terreal. This success is largely due to the strengths of the Terreal business and the great work done by management since the acquisition.'
Gilbert Saada, member of Eurazeo's Executive Board, added, 'Terreal is a solid company with steady revenues and good market positions. It has made outstanding progress over the last two years thanks to focused investments and quality management. It has been a pleasure to work in partnership with Carlyle and Terreal's team.'
Carlyle focuses on the aerospace and defence, automotive and transportation, consumer and retail, energy and power, healthcare, industrial, real estate, technology and business services, and telecommunications and media sectors. The Group has over $30bn under management.
Eurazeo takes stakes in non-quoted companies, primarily within the French-speaking sphere.
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