Cognetas Set to Sell Tokheim

European private equity firm Cognetas is set to sell petrol station equipment provider Tokheim for 400 million euros ($547.6 million), Reuters reported. First-round bids for the Paris-based company are due in October. Cognetas bought Tokheim from Axa Private Equity in 2005 for around 250 million euros, backed by 220 million euros of debt, Reuters wrote. In 2007 Apax recapitalised the deal, bringing debt up to 265 million euros.

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