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Apax, LBO France hire banks to sell Maisons du Monde

4 Feb 2013

maisons du monde_sqApax France and LBO France have reportedly hired banks to sell Maisons du Monde, a home decoration and furniture retailer that is expected to fetch at least €700m.

The Parisian mid-market buyout houses last week mandated Lazard and Messier Maris to handle the sale process, which is expected to begin later this month, according to Reuters.

“They want to get the deal done before June,” a source told Reuters. “It looks like the year-end numbers came out decently, so they want to get it off to the market before the tide turns.”

LBO France and Apax France bought Maisons du Monde in 2008 for €435m from Barclays Private Equity – now known as Equistone – and iXEN Partners.

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