Delachaux cancels its IPO after CDPQ buys CVC out

The Paris IPO of Delachaux Group, the French maker of railway equipment, has been called off after CVC agreed to sell its stake in the company to Caisse de dépôt et placement du Québec (CDPQ) for an undisclosed price.

  • By Aidan Gregory
  • 14 Jun 2018

BNP ParibasCitigroupand Deutsche Bank, were global coordinators, Crédit Agricole, HSBCand Société Générale bookrunners.

The IPO was covered, according to three sources close to the deal, and was due to be priced on Thursday. 

Delacheux was scheduled to begin trading on Euronext Paris on Friday, June 15.

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