BNET Industries
Last Fiscal Year Sales:$3.9B
- Public
- FR
Dow Jones Description
Electrical Telecommunications & Power Wiring Systems & Services; Owned 30% by Wendel Investissement & 30% by KKR & Co. L.P.
Chairman & CEO
Francois GrappotteNumber of Employees 35,000
Contact Information
128 Ave Du Marechal De Lattre De Tassigny
Limoges
(33) 555068787
Peer Companies
NAICS Code Hand and Edge Tool Manufacturing: 332212
News & Analysis
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legrand s.a. and schneider electric - All News and Analysis
SCHNEIDER ELECTRIC BACK IN COURT
Europe Information 07-31-2006 Schneider Electric has, again, referred the case involving the turbulent acquisition of its French competitor, Legrand, to the Court of Justice of the European Community. The EU's Official Journal has published a new order. The electronics supplier is contesting the decision made by the Court of First...
CFI Annuls Commission Decision in Schneider-Legrand.
The European Court of First Instance has today annulled the Commission's decisions declaring the acquisition by Schneider Electric SA of Legrand SA incompatible with the Common Market and ordering divestment. Schneider and Legrand are the two principal French manufacturers of electrical equipment. The Commission was notified of Schneider's...
Schneider Electric to sell its share in Legrand.
Schneider Electric announced it will sell 98.1% of its shares in Legrand to two buyout firms, Wendel Investissement and Kohlberg Kravis Roberts & Co., for euro 5.1bn (3.6bn plus 1.5bn in debt). Schneider paid euro 6.9bn for Legrand in 2001 but the sale was blocked by the...
French Electrical Equipment Firm Is Poised To Sell Unit for Euro 3.7 Billion.
By Pierre Tran, Sunday Business, London Knight Ridder/Tribune Business News Jun. 30--The French electrical equipment company Schneider Electric is in exclusive talks to sell its Legrand unit to French private equity firm, Wendel Investissment, and US leverage buy-out firm Kohlberg Kravis...
KKR back with Legrand buy-out.
Byline: William Hutchings Schneider Electric's sale of Legrand to Kohlberg Kravis Roberts KKR and Wendel Investissement will, if it goes through, be KKR's first European buy-out after almost two years of patient waiting.It would also be Continental Europe's largest buy-out to date. KKR...
KKR and Wendel set to acquire Legrand for [euro]3.7bn.
Byline: William Hutchings Kohlberg Kravis Roberts KKR and Wendel Investissement are set to make Continental Europe's biggest ever buy-out after their [euro]3.7bn ($3.6bn) bid for Legrand was granted exclusivity by Schneider Electric, the French group.The deal would be the second largest ever in...
Candover pulls out of Legrand bidding consortium.
Byline: Guy Paisner in Paris The on-going saga surrounding Schneider Electric's disposal of Legrand has taken an unexpected turn as Candover, a member of one of three private equity bidding consortia, has pulled out of the deal. Candover's decision to withdraw from the bidding...
Buy-out activity up in France.
Byline: Guy Paisner in Paris The French market for leveraged buy-outs is bustling with activity after six months of hibernation. In the past two weeks CDC Equity Capital and Charterhouse have put in a E2.1bn ($1.8bn) bid for France Telecom's stake in TDF, the...
Around the World's Markets: Paris
ANXIETIES OVER profits and hefty losses in energy giant TotalFinaElf, on the back of sluggish oil prices, forced French shares sharply lower. Schneider Electric shed 5.64 per cent after news that it may sell some of its Legrand shares fuelled fears it might not strike an advantageous deal. The telecoms...
Schneider snub
THE EUROPEAN Commission, brushing aside intense French lobbying, yesterday blocked Schneider Electric's purchase of its rival Legrand to create a French electrical equipment giant. The European Union's anti-trust watchdog ruled that if the 6.42bn euro (pounds 3.8bn) deal went ahead it would have weakened competition in several EU countries, particularly...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Gilles Schnepp | COO |
| Patrice Soudan | CFO |
| Bruno PAVESI | |
| Fran C ois FRUGIER | |
| Legrand dans le monde |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Francois Grappotte | Chairman & CEO |
| Edward A. Gilhuly | Board of Directors |
| Olivier Bazil | Vice Chairman |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | Chairman & CEO | Current |
| Legrand S.A. | Chairman & CEO | Current |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | COO | Current |
| Legrand S.A. | COO | Current |
| Banque de France | member | Former |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | Current |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | Current |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | Current |
| Organization | Position | Status |
|---|---|---|
| Rockwood Holdings, Inc. | Board of Directors | Current |
| Legrand S.A. | Board of Directors | Current |
| Kohlberg Kravis Roberts & Co. | managing director | Former |
| MedCath Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Legrand S.A. | Vice Chairman | Current |
| Legrand S.A. | Vice Chairman | Current |
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