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Astorg, Abenex seek sale for French roofing company Onduline

16 Oct 2013

French private equity firms Astorg Partners and Abenex Capital are seeking an exit for roofing company Onduline, Bloomberg has reported.

The firms could undertake an auction in early 2014, the report said, with the company said to be sold for up to €450m. It recorded an EBITDA of €50m in 2012.

The buyout pair bought the company in 2006, investing €65m to address the company’s debt pile.

Earlier this eyar Astorg were reported to be exploring a sale for French funeral services business OGF for up to €1bn.

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