Jan. 5 (Bloomberg) -- AXA Private Equity, which oversees $28 billion, obtained financing to back its acquisition of a majority stake in Ouveo, a French window manufacturer.
Atlantique Syndication is arranging the debt financing, which is participated by Banque Populaire de I’Ouest, Caisse de’Epargne de Bretagne-Pays de Loire, Banque Courtois, Caisse d’Espargne Aquitaine Poitou-Charente, the buyout firm said in a statement.
Ouveo generates more than 30 million euros of annual sales and sells more than 65,000 windows, AXA Private Equity said.
The buyout firm is buying the majority stake from Alliance Entreprendre, the private equity unit of Natixis, and FSI Regions, according to the statement. Alliance and FSI retain a stake in the company.
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