IDI, as majority investor in Flex Composite Group (FCG) since 2015, and Andera Partners announce the final completion of the sale of FCG to Michelin, in accordance with the binding agreement signed on June 18.

'Over the last eight years, EBITDA has increased more than fivefold, with sales reaching 200 million euros. The FCG group now has over 400 employees, compared with 80 in 2015', stresses the private equity firm.

This sale gives IDI a 12x multiple and an IRR of 38%. IDI will also benefit from increased financial resources to continue supporting its investment momentum since January 1.

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