Equistone, Cerea Take Majority Stake In French Equipment Co.

Law360, New York (March 11, 2013, 3:00 PM EDT) -- Middle-market investor Equistone Partners Europe Ltd. teamed with Parisian private equity firm Cerea Capital to scoop up a majority stake in French manufacturer Breteche Industrie Group, Equistone said Monday, giving the company a new shot a growth after a strategic overhaul.

Equistone did not disclose the deal's financial terms or say how big an interest it would split with Cerea and members of Breteche's management team who rolled over their stakes in the transaction.

The firm stopped short of giving a full financing breakdown, saying only...
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