AXA Private Equity takes stake in professional trainer

The private equity unit of AXA has acquired 15 percent of Cegos Group.

AXA Private Equity has acquired a 15 percent stake in The Cegos Group, as part of the company’s secondary management buyout. Financial details were not disclosed.

The Cegos Group, which turned over €195.5 million in 2008, provides professional training services in 30 countries around the world and employs staff of 1200.

The minority investment is the ninth from AXA Private Equity’s €353 million Expansion II fund.

Axa is investing alongside the shareholders that participated in the firm’s 2005 management buyout, including more than 120 of the management team, a group of employees and Cegos Association, the Group’s historical shareholder.

Jacques Coquerel, president of the Cegos Group, said in a statement that AXA’s participation in the buyout would reinforce the business’ capacity to invest internationally.

AXA Private Equity – led by chief executive officer Dominique Senequier – has more than €25 billion in assets under management. From its eight offices around the globe it invests in companies both directly via its own funds and via a fund of funds platform.