French Quality Management Firm Trigo Explores Sale
Private equity firm Ardian SAS is considering divesting Trigo Group, a French provider of quality management and consulting services, according to sources familiar with the matter.
Working with an advisor, Ardian has approached potential buyers for Trigo, acquired in 2016. The transaction could value the company at approximately €600 million ($624 million).
Discussions are in early stages, and Ardian may retain Trigo if necessary. A representative from Ardian declined to comment.
Trigo, established in 1997, specializes in quality management and inspection services for the automotive, e-mobility, aerospace, and heavy transportation sectors. With approximately 10,000 employees across 28 countries, Trigo has a global reach.
Ardian acquired a majority stake in Trigo from IK Partners in 2016 for an undisclosed sum.