NEWS & VIEWS

Global private equity and venture capital news and research

BC Partners lines up €1bn Spotless exit

20 May 2014

laundry_washingUK private equity group BC Partners is eyeing a potential sale for French household cleaning and laundry company Spotless Group for as much as €1bn, according to Les Echos.

The company has approximately €300m in revenue, with BC anticipating a valuation of at least 900m. The firm acquired the company in a secondary sale from Ardian, then AXA Private Equity, in 2010 for €580m.

Spotless was created following the acquisition of French laundry and home care products company Eau Ecarlate. AXA built the company up with six bolt-on acquisitions across Europe, including Guaber in Italy, Punch in Ireland, Citin in Holland, Eparcyl in France, Ballerina in Spain and Dylon in the UK.

Earlier this month BC was reported to be selling a 7.8 per cent stake in UK estate agents Foxtons, eight months after the company listed on the London Stock Exchange.

Copyright © 2014 AltAssets

 

 

FUNDRAISING & INVESTOR RELATIONS

Keywords: ,


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014