French buyout firm completes unusual reinvestment

Apax France has bought a stake in a company that it owned for 12 years and sold out of in May

Apax Partners France has made an unusual decision to buy back part of a company that it sold out of earlier in the year.

The buyout firm has bought a 14.1% stake in French eyewear retailer Alain Afflelou, which is majority owned by UK buyout firm Lion Capital, announcing its decision to reinvest in a statement this morning.

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