AXA Private Equity sell 100 pc stake in Unipex

AXA Private Equity to sell 100 pc stake in Unipex

6:13 AM, 12th September 2012
AXA Private Equity to sell 100 pc stake in Unipex

ST HELIER, FRANCE: AXA Private Equity has signed an agreement for the sale of 100 per cent of its interest in Unipex Group to the IK2007 Fund advised by IK Investment Partners. The completion of the transaction is subject to certain customary conditions, but the parties expect the transaction to be completed by the end of September.

“Despite the tough economic environment, with our support Unipex Group has successfully implemented its growth strategy and ensured the next stage of its development. Our continued commitment and support has seen the group become a major global player in its sector. The company is now well equipped to continue its future growth in its key markets,” said Beatrice Beitmann, Managing Director, AXA Private Equity.

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