December 24, 2015
We are pleased to announce that after analysing bids, meeting on Wednesday, December 23rd 2015, and being consulted again on Thursday, December 24th, the AREVA Board of Directors selected the Mirion-Charterhouse offer for the acquisition of its subsidiary Canberra. Canberra is specialized in nuclear instrumentation and measurement. The sale is part of the transformation plan pursued by AREVA to refocus its business on nuclear cycle processes.
Mirion is a group specialised in radiation protection equipment, radiation detection and monitoring systems, and dosimetry services. Charterhouse is a leading independent private equity house operating in Europe. Charterhouse has assets under management of 6.7 billion euros and, since its creation, has completed 140 transactions worth an aggregate in excess of 50 billion euros in value. Charterhouse is Mirion’s majority owner.
In the coming weeks the project will be subject to consultation with Canberra employees’ representative bodies and the bid will need to be approved by the competition authorities. The purpose of the parties is to complete the sale process by the end of year 2016.
In the context of the transaction, Sycomore Corporate Finance acted as financial advisor to Charterhouse and Mirion. The transaction team comprised François Vigne, Tristan Dupont and Khouloud Cheriqi.