TowerBrook Sells InfoPro to Apax

TowerBrook Capital Partners  has sold France's InfoPro Communications to Apax Partners.

No price was disclosed for the transaction, in which Apax bought a 44 percent stake in the French professional information group.

TowerBrook Capital Partners, through subsidiary ETAI SAS, first invested in InfoPro in 2001. Since then, the business has achieved growth averaging more than 30 percent a year over the last five years and is expected to generate revenues of Euro70m (US$95m) this year. InfoPro focuses on the automotive and industry markets.