As part of the transaction, AXA will hold 22.5% of the equity and minority financial shareholders, who had previously supported Newrest, are able to realize an exit while retaining a minority stake in the company.
At the same time, the employees of Newrest will increase their shareholding from 61.3% to 67.6%.
AXA Private Equity will support the management team of the company in the implementation of its development strategy.
On this point, Lise Fauconnier, Managing Director, AXA Private Equity, was reported to say: “We are pleased to invest in Newrest alongside its management team. This investment demonstrates our core strategy of supporting companies in their ambitious growth plans over the long term”.
Founded by Olivier Sadran in 1995 around Catair, Newrest is today present in 32 countries managing a turnover of €408m employing around 12,200 people.
FinSMEs
16/12/2009