Paul Hastings Guides AXA Spinout Ardian In 1st Solo Deal

Law360, New York (October 4, 2013, 4:55 PM EDT) -- Ardian is only a few days old, spun out of the private equity arm of French insurer AXA SA on Monday, but it isn't wasting any time, helping portfolio company Trescal SA acquire a California-based provider of laboratory testing services for telecommunications and aerospace and defense sectors in a deal announced Friday.

Terms of Trescal's acquisition of SE Laboratories Inc. were not disclosed. The buy — Trescal's third since AXA/Ardian took over in July — increases the company's trailing-year revenue to €177 million ($240 million), up 17...
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