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France’s Salvepar completes sale of RG Safety to Abénex Capital

31 May 2013

French private equity firm Salvepar has completed the previously announced sale of its stake in personal protection equipment company RG Safety to mid-market firm Abénex Capital.

Salvepar confirmed it had signed a share purchase agreement at a price in line with the NAV at 31 December 2012, and at a “significant premium” to the net book value at the same date. Further financial details were not disclosed.

The transaction will also include a price supplement, which will be determined during the course of 2013, which could see Salvepar receive an additional amount as part of the sale price, the firm said. Closing is expected to take place in May.

Earlier this year Salvepar sold its entire stake in technology and electronics company Lacroix for €2.1m.

Formerly ABN AMRO Capital France, Abénex Capital was spun out by its three founding partners.

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