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Announced

Completed

Bpi France completed the acquisition of a 5% stake in Elis.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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France

Consumer Services: Other

washroom services

laundering

rental

workwear

Completed

Single Bidder

Public

Minority

Acquisition

Friendly

Domestic

linen

Synopsis

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Bpi France, a financial solutions advisor, completed the acquisition of a 5% stake in Elis, a multi-service provider, offering textile, hygiene and facility services solutions. Financial terms were not disclosed. "We are delighted that the Lac1 fund has become a reference shareholder of Elis, the leader in the rental and cleaning of textile and hygiene articles in Europe and Latin America, at the service of the circular economy. Bpifrance is thus affirming its long-term commitment to Elis, convinced that the Group has significant growth prospects and that it will continue to consolidate its markets worldwide while maintaining its strong commitment to the sustainable development,” Nicolas Dufourcq, Bpifrance CEO.

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