PARIS Feb 4 Investment banks Lazard and Messier
Maris have been mandated to sell Maisons du Monde, a furniture
store chain owned by private equity firms Apax and LBO France,
sources familiar with the deal said on Wednesday.
Lazard and Messier Maris, the boutique bank controlled by
former Vivendi Chief Executive Jean-Marie Messier, were chosen
last week to run the process, expected to kick off later this
month, the sources said.
The sources said a deal could give Maisons du Monde, which
was valued at 435 million euros when LBO France and Apax
acquired control in 2008, an enterprise value of at least 700
million euros ($958.72 million).
"They want to get the deal done before June," said one
source. "It looks like the year-end numbers came out decently,
so they want to get it off to the market before the tide turns."
LBO France and Apax, which each own 35 percent stakes in the
furniture chain, each declined to comment. Lazard and Messier
also declined to comment.