HSBC Private Equity exits Ampafrance

The private equity arm of the UK bank has sold French baby products company Ampafrance to trade buyer Dorel Industries in a $240m transaction.

(PrivateEquityCentral.net) HSBC Private Equity has sold its baby products manufacturer Ampafrance to Canadian strategic buyer Dorel Industries. Exact terms of the deal were not disclosed although the price is thought to be in the region of $240m.

 

Ampafrance makes a broad range of baby products including car seats, beds, and baby apparel. The company’s products are sold throughout Europe in retailers of all sizes. The company’s four major brands are Bebe Confort, Monbebe, Babideal and Baby Relax. The company had $187m in sales for its fiscal year ended September 30, 2002.

 

HSBC Private Equity acquired the company in June 2001 for an undisclosed sum. The company had sales of approximately $166m in its 2001 fiscal year.

 

In December 2002, HSBC Private Equity backed the £125m ($198m) management buyout of London-based aerospace and medical conglomerate Smiths Group's air movement and cable management business. 

 

In March 2002, the firm acquired France-based Risdon Pharma, the drug-packaging division of Philadelphia-based packaging company Crown Cork & Seal. In February 2002, the firm acquired 80 per cent of funeral and cemetery company Service Corp International’s UK business in a management buyout valued at $307.8m.

 

HSBC Private Equity is the European private equity arm of bank and financial services company HSBC. The firm looks to invest between £1m and £75m in companies, particularly in the engineering, chemicals, electronics, transport and logistics, healthcare and pharmaceutical services sectors. The firm participates in many types of deals, including management buyouts, management buy-ins, institutional acquisitions, corporate joint ventures and acquisition finance.