Article | 17/01/12 | Xavier Rohmer
FDS Group receives additional resources to fund an ambitious worldwide growth strategy Eurazeo PME, the management company for investments made by OFI Private Equity Capital, has today announced its first operation since joining the Eurazeo group in June 2011, with the buy-out of the minority shareholdings in the FDS Group, along with the full refinancing of the group's financial liabilities and the injection of additional resources for its development.
Following the completion of this operation, Eurazeo PME now holds a 74.3% stake in the FDS Group's capital. One of the world leaders for industrial sealing solutions, and a supplier of major contractors in the energy sector (oil & gas, petrochemicals and nuclear), FDS Group (www.fdsgroup.net) has forecasted sales of €90Mn for 2011, 8.0% growth compared to 2010 (excluding 2011 acquisitions). The development of FDS Group began with the merger of Siem Supranite (acquired by OFI Private Equity in 2006) and Flexitallic in 2007, quickly followed by the addition of Novus Sealing in the United Kingdom in April 2008.