Benedicta in secondary buyout

AXA Private Equity has acquired sauce manufacturer Bénédicta in a secondary buyout transaction from Barclays Private Equity and ABN AMRO Capital France. Financial details of the transaction were not disclosed.

Barclays Private Equity and ABN AMRO Capital acquired Bénédicta in 2000 with the support of the management team when it was a division of the Unilever Group. Around E7m has been invested in the company between 2001 and 2004. The business is anticipating sales of around E100m for 2005.

Fortis Banque France and Capzanine are arranging the financing for the transaction.