18 August – LAWFUEL – The Law News Network – The Private Equity firm LBO France has acquired all world-wide companies of Actaris Group within the scope of a Leverage Buy Out. The group, which had been sold a few years ago by LBO France to Montagu Private Equity, now in a Secondary Buy Out comes back to LBO France. The total purchase price amounts to 485 million Euros, whereof the German Actaris companies account for 115 million Euros.
Actaris group is one the market leader for gas -, electricity and water meters and had a turnover of 650 million Euros in 2004. World-wide, Actaris employs approximately 8,000 people more than 30 countries.
LBO France was advised by an international, integrated team of Mayer, Brown, Rowe & Maw LLP. Involved were: Office Frankfurt – Dr. Ingo Kleutgens (Tax), Markus Strelow (Corporate/Finance), Dr. Patrick Sinewe (Corporate/Tax); Office Brussels – Jens Peter Schmidt (Antitrust); Office Paris – Laurent Borey (international tax planning), Jean Charles Barbaud (Corporate), Benjamin Homo (Tax).
The Paris and Frankfurt offices of Mayer, Brown, Rowe & Maw are advising LBO France continuously in the tax optimised structuring and implementation of Leverage Buy Outs..