Canaccord Genuity advises 21 Centrale Partners on the disposal of Vulcanic to Abénex Capital
On 28 July 2011, Canaccord Genuity's clients, Orium and Pechel Industries Partenaires, agreed to dispose of Groupe Eminence to LBO France and LFPI Gestion.
Founded in 1944, Groupe Eminence is a European leader in the men's underwear industry:
Canaccord Genuity has had a long and close association with Vulcanic and the management, having sold the business to 21 Centrale Partners from AXA Private Equity in 2006. Canaccord Genuity ran a competitive auction process involving financial buyers only. A few days after the end of phase I of the process, Abénex Capital was granted exclusivity and was able to submit a binding offer within a week.
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