The deal is expected to close in the first quarter of 2007.
Frankin which had sales of €611m in 2006 was widely rumoured to be listing on the Paris Stock Exchange but Eurazeo has obviously opted to sell to CVC instead.
CVC has a network of 12 European offices. Its current European portfolio totals 41 investments. Since its set up in 1981, CVC has acquired over 232 companies for US$75.2bn.