Ardian, CD&R-backed energy business Spie eyes €550m from IPO


lighting_sqPrivate equity-backed French energy services group Spie reportedly hopes to raise about €550m through its forthcoming IPO.

Company chairman Gauthier Louette said he hoped to complete the public listing by the end of the year if market conditions remained favourable, Reuters reported.

Previous reports have suggested the IPO could value Spie at up to €4bn.

Spie is backed by private equity firms Ardian and Clayton Dubilier & Rice and by Canadian pension fund Caisse de depot et placement du Quebec.

The trio bought the business from PAI Partners in a €2.1bn deal in 2011.

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