Announced
Completed
Financials
Sources
Tags
aquatic facilities
Majority
Completed
Recreational Services
Private
Friendly
Single Bidder
France
Acquisition
Private Equity
Domestic
Synopsis
FCDE, a capital market company, completed the acquisition of a majority stake in Récréa Group, an operator of aquatic leisure facilities, from Financière Batteur, a pharmaceutical company, and NCI Gestion, a private equity firm, for $17m. “We congratulate ourselves on the entry into Récréa's capital of a committed institutional investor such as FCDE that is in a position to accompany our company’s transformation. This marks another key phase in the group’s development, which is expected, in particular, to facilitate the successful merger between Récréa and S-Pass and enhance the public service dimension with regard to learning how to swim and healthy sports activities,” Gilles Sergent, Récréa Group Chairman.
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