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OFI acquires 21.61 per cent stake in Dessange International

OFI Private Equity Capital has acquired a 21.61 per cent stake in Dessange International, an operator of hair care and beauty salons.

Both the parties involved in the transaction are based in France.

The acquisition was financed by the current shareholders of Dessange along with Groupe Banques Populaires and Credit du Nord.

Following this transaction, OFI, other shareholders and the management of Dessange International will control 100 per cent of the share capital of Dessange.

Earlier in 2008 OFI acquired a 65 per cent stake in Dessange.

Dessange generated revenues of EUR53m in 2009.

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