(Bloomberg) -- Private equity firm Ardian SAS is considering a sale of Trigo Group, a French provider of quality management and consulting services, according to people familiar with the matter.
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The buyout firm is working with an adviser on the potential divestment and has sounded out some possible buyers, said the people, who asked not to be identified as the information is private. Trigo, which Ardian acquired in 2016, could be valued at about €600 million ($624 million) in a transaction, the people said.
Considerations are at early stage and Ardian could decide to keep the asset for longer, the people said. A representative for Ardian declined to comment.
Founded in 1997, Trigo provides quality management and inspection services mainly for the automotive, e-mobility, aerospace and heavy transportation industries, its website shows. The company has about 10,000 employees in 28 countries. Ardian acquired a majority stake in Trigo from private equity firm IK Partners in 2016 for an undisclosed amount.
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