AXA backs French B2B information business

The French buyout firm has bought a controlling stake in Altares with a plan to support the business’ growth through acquisitions.

AXA Private Equity, the private equity arm of the French insurance giant has bought Altares Group, an independent French business to business information provider.

Gérard Jeulin, who held a controlling interest and was chairman of Altares, is retaining a 30 percent stake and will be chairman of the newly created supervisory board.

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