Private equity firms MML Capital Partners and Qualium Investissement have exited their majority stake in French luxury homeware company Groupe Carré Blanc with its sale to NiXEN Partners, BPI France and Crédit Agricole Régions Investissement.
The company has 240 outlets in France and abroad with a turnover of more than € 75m in 2012.
Carré Blanc said it intends to accelerate its development in France through the active deployment of a new store concept and to accelerate its international expansion through contracts or master franchise operations and targeted acquisitions.
NiXEN was formed by a spin-off of the French midcap team from Natixis Private Equity (NPE) in October 2010. Earlier this year the firm raised just over half of its target for its first institutional private equity fund.
In September the firm sold French homeware retailer Maisons du Monde to fellow buyout house Bain Capital alongside LBO France and Apax Partners.
Copyright © 2013 AltAssets