Private equity firm Sagard has bought a majority stake in Kiloutou, a French construction equipment and building tools rental business.

Sagard will hold 51% of the business, founder, Franky Mulliez, will retain 34% stake and the management, 15%.  Mulliez is a member of the founding family of Auchan, France's second largest retailer.

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Sagard adds French rental business

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