Eurazeo: sales stake in Vignal Lighting
(CercleFinance.com) - Late on Wednesday, Eurazeo PME announced the effective sale of its stake in Vignal Lighting Group to EMZPartners.
The company's turnover has more than doubled in four years from 47 million euros in 2013 to 106 million euros in 2017.
The transaction will mean that Eurazeo PME will receive a total of 119 million euros, including the repayment of bonds in 2016 for 27 million euros, which means a multiple of 2.8x its initial investment and an annual yield of 28%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The company's turnover has more than doubled in four years from 47 million euros in 2013 to 106 million euros in 2017.
The transaction will mean that Eurazeo PME will receive a total of 119 million euros, including the repayment of bonds in 2016 for 27 million euros, which means a multiple of 2.8x its initial investment and an annual yield of 28%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.