AXA Private Equity confirms its backing for Camaieu's development

Financière Addax, a subsidiary of AXA Private Equity, today controls 40.06% of Camaïeu’s capital and 55.32% of its voting rights, as confirmed in a press release published by the French Markets Authority (AMF) on 7 April following the takeover bid. This guarantees Financière Addax the majority control of Camaïeu in the coming years. As announced from the beginning, AXA Private Equity is fully supporting the company's management in its development and profitability strategy, particularly for its international business. The group is already present in more than eight countries counting 442 stores.

Having bought the shares of the founding family shareholders at the end of January, AXA Private Equity had to launch a takeover bid to allow minority shareholders to benefit from the same conditions, i.e. €85 per share (approximately 15% higher than the weighted prices recorded before the bid). Moreover, control of more than 95% of the capital would have allowed the company's delisting.

However, the present shareholder structure was envisaged from the outset and does not change AXA Private Equity's determination to work for the future with Camaïeu's management.