Advention acts as strategic advisor on deal involving LBO France

logo LBO Alvest

LBO France, the France based private equity firm, has agreed to acquire Alvest, the France based industrial group serving the airline and airport sector, from AXA Private Equity, the France based private equity firm, and Equistone Partners Europe Limited, the UK based private equity firm, for an undisclosed consideration.

Alvest operates through Sage Parts Plus Inc, the US based company engaged in supply of replacement parts for the aviation ground support equipment, and TLD Group SAS, the France based company engaged in manufacture of ground support equipment for the aviation sector. Alvest employs 1350 people and expects to generate a turnover of EUR 300m in 2012.

The transaction is subject to approval from regulatory authorities. AXA Private Equity and Equistone Partners acquired TLD Group in May 2006 while AXA Private Equity acquired Sage Parts Plus in June 2008.

UPDATE 14-Mar-2013: The transaction was completed

Source Links:
AXA Private Equity press release, 03 December 2012
AXA Private Equity press release, 03 December 2012 (French)
TLD Group press release, 03 December 2012

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