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government-trade

OFI Acquires Dessange International

PARIS - OFI Private Equity Capital has acquired 65 percent of hair care and beauty salon concern Dessange International.

PARIS – OFI Private Equity Capital has acquired 65 percent of hair care and beauty salon concern Dessange International for approximately 80 million euros, or $124.6 million at current exchange.
Dessange International founder Jacques Dessange retains 20 percent of the firm, while three members of its management team together hold 15 percent.
In 2007, Dessange International posted revenues of 55 million euros, or $84.2 million at average exchange for the period.