BPCE announced today the completion of sale of its hundred percent shareholdings in Meilleurtaux.com to Equistone Partners Europe Limited. Equistone and BPCE entered into an exclusive discussion regarding the sale of Meilleurtaux.com on the 18th of February this year. The transaction is in line with BPCE's intention to dispose non-core subsidiaries and joint ventures. Various divisions that represent employees of Meilleurtaux.com have positively accepted the sale which was completed on the 16th of April this year.
Equistone is a middle market investment firm that works with management teams to back-up buyouts of revenue generating businesses that have good potential for income and possibility to attain market leadership. Equistone sees Meilleurtaux.com to embody the aforementioned characteristics.
Managing Partner of Equistone Partners Europe, Guillaume Jacqueau commented, "Equistone has been active in the French market for over twenty years and has been involved with a significant number of businesses at all stages of their development."
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