Ardian exits French vocational training company Cegos


Paris-headquartered Ardian, previously AXA Private Equity, has sold its minority stake in vocational training company Cegos Group to management and long-standing shareholder the Cegos Association.

Since Ardian’s investment in 2009, Cegos has increased its market share in France and, with the support of Ardian’s international presence in Singapore and Beijing, accelerated its development in Asia. In 2013, it achieved a €166m turnover and currently has 1,200 employees in 30 countries globally.

François Jerphagnon, managing director of small market enterprise capital at Ardian, said, “We are proud to have worked together with the management of CEGOS and its employees, which have now become the Group’s main shareholders. During this period CEGOS has increased its position as a market leader in a competitive environment, and now has the necessary resources to become a truly international player within its sector.”

Founded in 1996 and led by Dominique Senequier, Ardian has assets of $36bn managed or advised in Europe, North America and Asia. The firm spun from insurance group AXA out of in September of this year, with its former parent agreeing to commit €4.8bn to its funds over the next five years. Since then, the firm has enjoyed an active few months, securing €2.8bn for its latest investment fund and signing a string of deals, including selling a majority stake in call centre company Competence Call Center Holding.

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