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French firm AXA Private Equity sells Larivière to SIG for €300m25/05/2007. Source: AltAssets. 
 France-based AXA Private Equity, a subsidiary of AXA Investment Managers, has sold Larivière, a distributor of roofing products in France, to Sheffield, UK-headquartered construction services company SIG for €300m.
AXA LBO Fund III bought Larivière from Imerys group in April 2005.
Philippe Poletti, director of AXA Private Equity, said, 'Backed by €340m in turnover, €23m in EBITDA and 86 branches throughout France at the end of June 2007, Larivière has taken a major step forward in its development. Belonging to SIG group will enable it to pursue its specialist strategy in the future while boosting growth.'
With €10bn under management and offices in Paris, London, Frankfurt, Milan, New York and Singapore, AXA Private Equity focuses on buy-outs, expansion capital, venture capital, co-investments, mezzanine investments, and on primary, early secondary and secondary funds of funds.
Copyright © 2007 AltAssets
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