Advention acts as strategic advisor on deal involving Ardian

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The management of Ouveo, the France based company that manufactures doors and windows, has acquired the company in a secondary management buyout backed by AXA Private Equity, the France based private equity firm, from Alliance Entreprendre and FSI Regions, the France based private equity firm, for an undisclosed consideration.

Under the terms of the agreement, Alliance Entreprendre and FSI Regions along with the management of Ouveo will reinvest to retain a minority stake in the company. Ouveo generates revenue of more than EUR 30m by selling more than 65,000 windows and doors annually. The acquisition will enable Ouveo to sustain its development strategy over long term and increase its geographic reach.

The transaction was funded by Caisse d'Epargne des Pays de la Loire, Caisse d'Epargne Aquitaine Poitou-Charentes S.A., Banque Populaire de l Ouest , Banque Courtois and Atlantique Syndication.

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