Ardian, the independent private investment company, announces the sale of its minority stake in Novarc, a specialist in electrical safety equipment and maintenance products for the automotive sector, to Bpifrance and its financial partners. The transaction is subject to the approval of competition authorities.
The group now has 14 production sites. Novarc has experienced strong organic and external growth. These changes have helped Novarc’s turnover increase from €78 million in 2011 to €115 million expected in 2015.
Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$50bn managed or advised in Europe, North America and Asia.
Ardian (Arnaud Dufer and Alexis Lavaillote) was advised by LL Berg (Olivier Abergel, Gaëlle Quillivic and Olivier Legrand).