Ardian, the France based private equity firm, has acquired alongside the management a 20% stake owned by Equistone, the UK based private equity firm, for an undisclosed consideration.The transaction will give Spie Batignolles a strong platform for build-up opportunities in France and internationally.
Spie Batignolles operates from 160 locations across France with 7,000 employees and generated EUR 2.1bn in revenues in 2013. Equistone has been a shareholder in Spie Batignolles alongside the management since 2003.
UPDATE 04 September 2014: Ardian has completed the acquisition of a 20% stake in Spie batignolles owned by Equistone Partners.
Ardian press release, 18 July 2014
Equistone Partners Europe press release 31 July 2014
Equistone Partners Europe corporate website 04 September 2014