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Axa Private Equity sells shareholding in Trecobat to management team

Axa Private Equity has sold its 46.5 per cent shareholding in private home builder Trecobat Group to the management team, which is increasing its capital stake and thus becomes the new majority shareholder.

Marcel Treguer, the group’s founder and chairman, steps back from operations by passing on the group’s leadership to Alban Boyé, managing director since 2009.
 
"We are extremely satisfied to have supported the Trecobat Group in its capital-transfer project," said Baudouin d’Hérouville, managing director, and Alexis Lavaillote, director of the LBO small cap team at Axa Private Equity. "Faced with a trying economic climate, the company and its management have displayed exceptional ability to adapt and innovate, thus strengthening both market share and brand awareness.This transaction is testament to the essential role that can be played by a private equity fund in supporting the buyout of a business by its employees."
 
When it exits the Trecobat Group, at the request and with the support of Axa Private Equity, the group companies will make a financial award to all employees in recognition of their role in making the transaction a success.
 
Treguer adds: "During the last four years we have forged close links with Axa Private Equity, grounded in deep mutual trust. Among its achievements, Axa Private Equity enabled us to introduce a modern scheme of corporate governance, appropriate to the issues the group must now face. We are pleased to have covered so much ground together."

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