PRINT THIS PAGE Industri Kapital to acquire French Bonna Sabla from AXA Private Equity for €235m31/08/2005. Source: AltAssets. 
 Industri Kapital has agreed to acquire Bonna Sabla, a French specialist in prefabricated concrete products, from AXA Private Equity and other shareholders, for an enterprise value of approximately €235m.
Bonna Sabla mainly operates in the public service markets such as water conveyance, sanitation, civil engineering, urban environment and railway sleepers. Turnover for 2005 is expected to be approximately €400m.
Christopher Masek, partner at Industri Kapital, said, 'This acquisition is our seventh in France and the second here in this sector after Laho Equipement. Our international experience in the construction and building materials sector (particularly with Consolis, leader in the Scandinavian prefabricated concrete market) allows us, together with the management team, led by Philippe Milliet and Pierre Brousse, to continue to support the development of the company, both in France and internationally.'
Frédéric Collard, LBO director at AXA Private Equity, added, 'We are particularly proud that our acquisition of Bonna Sabla from Générale des Eaux in December 2002 has been completed with the sale of a reinvigorated business. We are confident that with Philippe Milliet and the team he has built, Bonna Sabla will in Industri Kapital find the necessary support for this next development phase, which should be equally successful.'
IK manages close to €4bn in fund commitments. The firm has developed sector-specific experience, principally in the manufacturing and services industries. In the building materials and construction sectors, IK has invested in Paroc, Consolis, Addum and Dyno Nobel in Scandinavia. IK's previous investments in France include Laho Equipement, Groupe Fives-Lille, Labeyrie, Ceva Santé Animale and Idex.
AXA Private Equity's expertise spans all types of private equity: LBO, venture, expansion, primary and secondary funds of funds. The firm manages and/or advises private equity funds with assets in excess of €7bn.
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