Latham Aids AXA's Stake Buy In $333.8M French Testing Co.

Law360, New York (June 17, 2013, 2:34 PM EDT) -- AXA Private Equity will snap up a majority stake in Paris-based test and measurement equipment maker  Trescal SA in an exclusive deal with 3i Group PLC and TCR Capital that values the target company at €250 million ($333.8 million), according to a Monday statement.

Under the deal, AXA will nab an 82 percent stake in Trescal, with 64 percent coming from 3i and the rest coming from TCR, according to a statement. The transaction, which is subject to antitrust approvals, is being funded by senior credit...
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