LBO France racks up returns from trade sale

Buyer Ortec Group beat other bidders by making an early approach for aerospace engineering group Sonovision

LBO France has made a 2.1 times return on the sale of aerospace engineering service provider Sonovision to a French industrial services company, according to a person familiar with the matter.

The sale of Sonovision to Ortec Group comes amid signs that trade buyers are increasingly outbidding private equity firms.

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