Advention acts as strategic advisor on deal involving Vespa Capital LLP
The management of Abylsen Group, the France based engineering and technology service provider, has agreed to acquire the company in a management buyout transaction backed by Vespa Capital LLP, UK based private equity firm, from Michel Abecassis, the France based private investor, for a consideration of EUR 75m.
In 2011, Abylsen generated sale of EUR 52m. Vespa Capital and management team acquired 52% and 48% stake respectively in Abylsen. The transaction will enable Abylsen to develop its business in France and in the international market.
SJ Berwin press release, 19 June 2012 (French)
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