4 November 2014
Dear Sir
We are pleased to announce that on October 31st 2014 a new chapter in the history of CHRYSO began when LBO France* acquired CHRYSO from Materis.
LBO France knows CHRYSO well as they were the majority shareholder of Materis from 2003 to 2006. Moreover, LBO France is very motivated to support our growth strategy based on continued geographic expansion and a reinforced positioning on innovation and customer focus. This strategy will be driven by the current management teams and your contacts will therefore remain the same as today, ensuring business runs as usual.
We are happy to share this new future with you, and we trust that the continuation of our partnership will allow us to build great new projects together.
Yours Sincerely,
The CHRYSO Group Management team.
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* LBO France is an independent private equity firm with €4bn under management. It runs 4 non-listed strategies through dedicated teams:
- – Mid Cap LBO White Knight funds,
- – Small Cap LBO Hexagone funds,
- – Real estate White Stone and Lapillus funds and
- – Credit opportunities Altercap funds.
Responsible and independent, LBO France is 100% owned by its management in place since 1998 and boasts a team of over 45 professionals.
With the White Knight funds, LBO France invests in French champions, either already present or with strong potential for development abroad. LBO France accompanies them providing skills and financial means to foster growth, be it organically, through build-ups or operational optimization. More than 50% of White Knight’s portfolio companies turnover is thus generated outside France.
White Knight focuses on companies whose enterprise value is between 100 million euros and 2.5 billion euros. Since 1998, over 26 acquisitions have been carried out over six generations of funds. CHRYSO is thus a White Knight LBO-France owned company.
