April draws interest from PE firms
24 OCT 2018
Following market rumors, April [EPA: APR], the French-listed insurance broker, announced on 23 April that it had initiated discussions with its majority shareholder as part of the analysis of the various strategic options and possible changes in its shareholding in the company's capital. The company confirmed that it has received preliminary expressions of interest.
Bloomberg reported today (24 October) that the suitors include private equity firms CVC Capital Partners, KKR & Co. and BC Partners. The report cited people familiar with the matter.
BC Partners is the owner of this publication.
April is controlled by Evolem (65.1%), the investment firm of founder Bruno Rousset. The market capitalization stands at EUR 611m as at 24 October.