AXA PE Finally Sets Plans For Spinout

AXA Private Equity, the private equity unit of the giant French insurance company, has formally issued a plan to spin out from its parent company, AXA Group. The management-led spinout would value the company at around $660 million. If the deal closes, which the firm estimates will happen by the fourth quarter, the new company will ultimately change its name, and its employees will own a sizable stake in the new enterprise.

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