ICG in Exclusive Talks to Acquire Equistone-backed Stella Group
June 29, 2015
ICG has submitted a pre-emptive takeover bid and entered into exclusive discussions to acquire the Stella Group from Equistone Partners Europe. The group, which is comprised of companies La Toulousaine, Profalux and Eveno, is a developer and producer of roller blinds, grilles & shutters, gates and sectional doors. The business has been backed by Equistone since 2010 and generated revenue of almost €150 million in 2014.