Paul Hastings advises Axa Private Equity and CDC Entreprises on equity investment in Sibille Industrie
-- Paul Hastings LLP, a leading global law firm, announced today that the firm advised Axa Private Equity and CDC Enterprises on the acquisition of a 25 per cent equity stake in the share capital of Sibille Industrie from Edmond de Rothschild Investment Partners.
Sibille Industrie, an electrical safety products manufacturer and distributor of automobile maintenance products and services, will use this investment to spur its international growth by making new acquisitions in its two lines of business, with a view to becoming a worldwide market leader.
The company currently has an operating profit of approximately 10 per cent and revenue of more than EUR80 million. Axa Private Equity, which has acquired approximately 19 per cent of Sibille Industries share capital, expects revenue to almost double to around EUR150 million in four to five years.
Paul Hastings advised the tandem of acquirers on the structure of the deal and the negotiation and preparation of the agreements. The team was led by partner
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