Advention acts as strategic advisor on deal involving La Financiere Patrimoniale d'Investissement SAS
The management of Groupe Ergalis, the France-based company engaged in providing temporary employment services in banking and financing sectors, has acquired the company in a management buyout transaction, backed by La Financiere Patrimoniale d'Investissement SAS, the France-based private equity firm, from Activa Capital, the France-based private equity firm, for an undisclosed consideration.
Groupe Ergalis reported turnover of EUR 160m for the year 2013 and has 4,000 daily temporary workers. LFPI will further develop Ergalis through targeted acquisitions which will strengthen the position of Ergalis in specialty markets such as banking, cosmetics, IT and engineering.
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