Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bain, Lion Capital Close to Bid for Afflelou, Le Figaro Says

Don't Miss Out —
Follow us on:

April 28 (Bloomberg) -- Private-equity firms Bain Capital LLC and Lion Capital LLP may bid in the coming days to buy a majority stake in French eyeglass maker Alain Afflelou SA, Le Figaro reported, without identifying its sources.

The winning bidder would need to raise about 300 million euros ($398 million) through debt to buy out stakes held by Bridgepoint and Apax Partners, Le Figaro said. Bridgepoint owns 57 percent and Apax 20 percent in Afflelou, the newspaper said. Founder Alain Afflelou may increase his stake, currently at 22 percent, Le Figaro said.

Afflelou is valued at about 800 million euros, Le Figaro reported.

To contact the reporter on this story: Fabio Benedetti-Valentini in Paris at fabiobv@bloomberg.net

To contact the editors responsible for this story: Frank Connelly at fconnelly@bloomberg.net; Edward Evans at eevans3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.