Motion Equity Partners announces the signing of an exclusivity agreement with Eurazeo PME for the disposal of its shareholding in Altaïr Group.
Altaïr is a leading European manufacturer of cleaning products with a revenue of €105m (2019) and 400 employees. The Group owns a portfolio of 5 iconic brands, leader on their respective segments, benefiting from a high degree of customer awareness and loyalty.
Funds advised by Motion Equity Partners acquired Altaïr in 2016 alongside its Management team, with the project to accelerate its international expansion. Since then, Motion Equity Partners’ team has actively supported the Group in the implementation of an ambitious growth project, through both organic and external growth.
Latham & Watkins advises Motion Equity Partners with a Paris team led by partner Gaëtan Gianasso with Timothée Brunello and David Chatteleyn on corporate aspects. Partner Michel Houdayer advises on financing aspects and partner Adrien Giraud with Juliette Raffaitin advise on antitrust aspects of the transaction.