Announced
Financials
Sources
Tags
Public
linen
workwear
rental
laundering
washroom services
Consumer Services: Other
France
Acquisition
Minority
Friendly
Pending
Cross Border
Single Bidder
Synopsis
BWGI, an independent asset management company, agreed to acquire a 6% stake in Elis, a provider of services in cleanliness, corporate image, hygiene, and environment, from Crédit Agricole Assurances, an insurance services provider. Financial terms were not disclosed. “We are excited to become a shareholder of Elis, a company that, under the steady leadership of its management team, has been expanding vigorously, both geographically and by adding value across its broad services offering. Furthermore, the circular economy will continue to gain strategic importance globally and Elis is uniquely positioned to support it,” João Moreira Salles, BWGI CEO.
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