Pacific Pêche ‘sold’ to private equity firm
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A financial newspaper in France is reporting that the country’s major fishing tackle chain, Pacific Pêche, has been sold to a private equity group.
Les Echos reports that the chain has been acquired by Weinberg Capital Partners in a deal said to be worth over €30million. It is also believed that a well known figure within the trade in France has been headhunted to join the new management team.
Weinberg Capital Partners is based in Paris and was founded in 2005 by Serge Weinberg. It describes itself as an independent investment firm that specialises in midmarket buy-outs and real estate.