Tikehau Capital exit its stake in Ecotel Chomette Favor to Naxicap Partners
Tikehau Capital sales its stake in Ecotel Chomette Favor (E.CF) to Naxicap Partners.
Tikehau Capital is realising gross pre-tax capital gains of EUR 18.2 million from the sale, i.e. 2.8 times its investment after fees and costs. Tikehau Capital initially invested EUR 10 million in E.CF in June 2011 (via Salvepar) alongside the majority shareholder, Weinberg Capital Partners, and the management team led by Thierry Drecq. E.CF is the European leader in the distribution of small equipment to professionals in the hospitality and catering sectors. E.CF is firmly established in Europe and has more recently expanded internationally.
About Ecotel Chomette Favor:
E.CF, European leader in the distribution of small equipment and consumables to professionals in the hospitality and catering sectors, works in 12 countries through 8 subsidiaries.
With more than 500 employees, the group offers its approximately 60,000 customers and 400 partner suppliers the know-how and expertise it has acquired since it was created in 1880.
Source Tikehau Capital’s press release