LONDON, December 23, 2016 – Bain Capital Private Equity announces that it has entered into exclusive negotiations with LBO France regarding the acquisition of Consolis, a leading European industrial group specialized in the design and manufacture of high-performance pre-cast concrete products.
Consolis holds leading positions in Northern Europe in the building sector, and in Europe, Northern Africa and South East Asia in the rail and infrastructure sectors. It has operations in over 28 countries, employs approximately 10,000 people and generated revenue of €1.3 billion in 2015.
The proposed transaction remains subject to approval by the group’s works councils and customary regulatory approvals and is expected to close by the end of Q1 2017.
Bain Capital will be partnering with the highly experienced Consolis management team to grow the business. Bain Capital has a long and successful history of applying its deep operational expertise in the industrials and building materials sectors to the development of companies globally, such as Ibstock and Bravida. Bain Capital believes that Consolis is well positioned to benefit from the expected growth of the construction industry in the markets in which it operates.
Financial and legal advisors on this transaction are respectively: Lazard, Orrick and Mayer Brown for the sellers, Messier Maris & Asscociés, Deutsche Bank, and Latham & Watkins for Bain Capital and, DC Advisory and Ayache Salama for Consolis.
About Bain Capital Private Equity
Bain Capital Private Equity (www.baincapitalprivateequity.com) has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since our founding in 1984. Our global team of approximately 220 investment professionals creates value for our portfolio companies through our global platform and depth of expertise in key vertical industries including consumer/retail, financial and business services, healthcare, industrials, and technology, media and telecommunications. In addition to private equity, Bain Capital invests across asset classes including credit, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
Consolis (www.consolis.com) is a leading European Group in building solutions, civil works and rail infrastructure sectors, specialised in manufacturing high-performance concrete building elements. With approximately 10,000 employees and operations in over 28 countries throughout the world, mostly in Europe and the Mediterranean region, the Group generated €1.3 billion in revenue in 2015.