By  on October 4, 2012

PARIS — Provalliance — Europe’s largest hair-salon operator, with holdings such as Franck Provost, Jean Louis David, Jean-Marc Maniatis and Saint Algue — has a new minority shareholder: Chequers Capital.

Regis Corp. sold its 48 percent share in Provalliance, worth 80 million euros, or $104 million at current exchange, to the Provost family, Provalliance managers and Chequers Capital on Sept. 27. As reported, Regis announced in April its intention to sell the stake to focus on core assets.

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