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LBO France's record buy-out clinches Matéris

LBO France has agreed to buy Matéris, the building materials business of Lafarge, from a trio of financial sponsors for €1.1bn ($1.3bn), in a deal which catapults it into Europe's private equity big league.

The firm entered exclusivity with the board of Matéris last month after beating competition from Clayton Dubilier & Rice, Bain Capital and Vestar Capital Partners.

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