One of the global market leaders in the manufacture and distribution of low voltage electrical installations and data networks.

Legrand was founded in Limoges, France in 1926 and first traded on the Paris stock exchange in 1970.  In January 2001 Schneider made a successful tender offer for Legrand.  However, the EU antitrust authority ruled the merger anti-competitive and in December 2002 Schneider divested the company to a consortium of investors in a €5.1 billion transaction.  We invested in the consortium led by Wendel and KKR.

Under private equity ownership, Legrand increased sales and profitability, which was driven by a number of value creation initiatives such as increased coverage in high growth markets, increased focus on product development, improvements in purchasing productivity and optimising working capital and capital expenditure.

In April 2006 Legrand was successfully listed on the Paris Stock Exchange and the offering was more than 30 times oversubscribed.

Deal details


Year of entry

2002


Year of exit

2006


Country

France


Status

Realised


Industry Sector

Industrials

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