Saur goes private for €1 billion
- From: Vol 5, Issue 12 (December 2004)
- Category: General
- Region: Europe
- Country: Spain
- Related Companies: Barclays Capital, BC Partners, CVC Capital Partners, Eurazeo, JP Morgan, NM Rothschild, PAI, Saur/Bouygues and Terra Firma
A private equity firm is acquiring France’s third largest water firm – without the troublesome West African interests.
The Paris-based private equity firm PAI paid a top price to secure Bouygues’ Saur Group water subsidiary last month.
The €1.037 billion firm offer – on the basis of which Bouygues announced on 15 November that it was entering into exclusive negotiations with PAI – was well above the €850 million-€950 million range that most industry analysts and observers had ...
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