Paris, July 3, 2006 - AXA Private Equity, acting on behalf of the investment funds it manages, has announced the July 3, 2006 completion the acquisition of its 85.45% interest in TLD Group from MAAF Assurances SA.
This acquisition has been completed by TLD International Holding, a special purpose company set up by AXA Private Equity for this transaction, in partnership with the management of TLD Group. In accordance with applicable laws, TLD International Holding will file a Public Tender Offer with AMF (French Financial Markets Authority) in order to allow the minority shareholders to tender their shares to the Offer.
The goal of AXA Private Equity is to support the strategy implemented by the TLD management team and the group’s strong international development. With active backing from AXA Private Equity, TLD aims at continuing to invest in its products range and at pursuing the extension of its sale and service network in order to better support its customers everywhere in the World.
About AXA Private Equity
AXA Private Equity is an AXA Investment Managers company, a division of the worldwide AXA insurance Group. With offices in Paris, Frankfurt, London, New York and Singapore, AXA Private Equity is the world’s leader in Private Equity players covering the whole range of activities (LBO, Expansion & Venture, Co-investment, Mezzanine, Primary, Early Secondary and Secondary Funds of Funds) with an exceptional expertise.
AXA Private Equity manages and/or advises Private Equity funds with assets in excess of €8.5 billion for some of the world’s leading investors. With a constant focus on transparency, performance and sustainable profitability, AXA Private Equity is supported by the expertise of its staff and its international experience.
AXA Private Equity has been developing its LBO business since 1996, and is one of the most active players in middle-market LBOs. Through its dedicated funds, AXA LBO Fund (€ 95 million), AXA LBO Fund II (€ 400 million) and AXA LBO Fund III (€ 500 million), AXA Private Equity has closed more than 33 LBO deals in nine years (1997-2006) in France and Germany.