NiXEN disposes of its stake in Saverglass

NiXEN (majority shareholder) and Crédit Agricole Private Equity announce agreement to sell Saverglass to Astorg Partners Founded in 1897, Saverglass designs, manufactures and decorates glass bottles and decanters for manufacturers of premium spirits (vodka, cognac, whiskey, etc.) and fine wines. With 2010 turnover of €280 M, the group is the world leader in the high-end premium segment with an international customer-base. It produces more than 300,000 tons of glass on a yearly basis and has five furnaces at three production facilities in France (Feuquières, the group's headquarters, Le Havre and Arques), as well as two decoration plants. Saverglass was acquired from the...

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10/05/2011

NiXEN, an independent specialist in Flexible Equity

Having recently gained its independence NiXEN, an independent specialist in Flexible Equity, announces the completion of its spin-off and its relocation to new offices at 153 rue du Faubourg Saint-Honoré, Paris 8 In October 2010, NiXEN gained its independence when Natixis adopted a new strategic direction for its Private Equity business:NiXEN Partners' management team acquired full control of the management company;AXA Private Equity (fund of funds) became the sole investor in Natixis Private Equity's original French midcap portfolio, FCPR NiXEN I, valued at €473 M, and entrusted the management of this portfolio to NiXEN Partners. NiXEN’s team, which currently comprises fourteen...

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11/04/2011

NiXEN sells its stake in Gerflor

NiXEN sells its stake in Gerflor, the global flooring specialist, to the investment firm Intermediate Capital Group (ICG) and Gerflor's management. With 2010 sales of €448 M, Gerflor is a multi-specialist company that designs, manufactures and sells innovative solutions for flooring and interior finishes. Its products are used for professional applications (such as building, sports and transport) as well as in the home. Gerflor's key strengths are its specialist salesforce, reputable brands, innovation capabilities and good-quality management team, led by Bertrand Chammas. The company is headquartered in Villeurbanne (France) and employs some 2,000 people spread between twelve...

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23/03/2011

NiXEN sells its stake in Well

NiXEN sells its stake in Well, France's second-largest manufacturer of hosiery (stockings and tights), to the Italian family-owned group, CSP International, Europe's number-three hosiery maker, listed on the Milan stock exchange As the main shareholder in Well since May 2001, NiXEN has supported the company over the past nine years, helping it to improve its competitiveness and long-term viability in a challenging market by refocusing on its strategic businesses and reorganising its manufacturing operations. Today, backed by its strong brand and prominent position in the hosiery market, Textiles Well has managed to strengthen its foothold in its core business by developing innovative,...

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25/11/2010

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