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AXA PE To Buy 52% Outremer Stake

AXA Private Equity has signed a deal to buy a 52.26% stake in Groupe Outremer Telecom from Apax Partners and Jean-Michel Hegesippe, Outremer’s founding Chairman and CEO.

    AXA Private Equityhas signed a deal to buy a 52.26% stake inGroupe OutremerTelecomfromApax PartnersandJean-Michel Hegesippe, Outremer’s founding Chairman and CEO. The stake is being sold at a price of €12 per share.

    The deal, which is subject to the approval of the French Competition Authority, is expected to close in the next few weeks. After the deal, Hégésippe will re-invest along with the management team and AXA Private Equity to lead a new phase in the company’s development.

    Click here for the release fromAXA Private Equity.

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