Equistone Partners Europe France announces sale of Alvest (Groupe TLD) to LBO France
On 30th November 2012, Equistone Partners Europe signed a Share Purchase Agreement with LBO France to sell its investment in Alvest (Groupe TLD). Equistone, together with Axa Private Equity and management, acquired the majority shareholding of the group in 2006 from French insurer Maaf and the remaining shares in a take private from the Paris Stock Exchange.
Over the past six years, TLD Group has doubled its turnover reaching more than €300 million in 2012 and becoming one of the world leaders in ground support equipment and spare parts supply for the aeronautical industry. In addition, the group provides technical adhesives and films for aircrafts through its subsidiary, Adhetec.
Alvest employs 1,350 staff, operates 8 plants in the US, Canada, France and China and also provides its customers with a sales and after-sales network in more than 130 countries.
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