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Ardian, CD&R-backed Spie eyes potential stock market listing

30 Dec 2013

engineer_lrgPrivate equity-backed French engineering group Spie is said to be considering a stock market listing.

Ardian, Clayton Dubilier & Rice and Caisse de dépôt et placement du Québec bought the business from PAI Partners in a €2.1bn deal in 2011.

Spie, which provides energy-efficient mechanical and electrical engineering services, could list in late 2014 according to French newspaper Les Echos.

It said the company’s private equity owners were likely to decide in the first quarter.

Spie had sales of more than €4.2bn in 2012 and EBITDA of €242m according to Reuters.

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