Posted on Jul 19, 2021, 2:37 PMUpdated Jul 19, 2021, 2:57 PM
Green light for the Automatic Barrier. By contributing 40 million euros to the capital of the Lyon family group, an amount greater than its turnover of 30 million in 2020, the investment fund iXO Private Equity opens the doors to the world. LBA aims to double in size within five years, in particular thanks to international markets. “This is the whole purpose of iXO’s entry, to enable us to carry out external growth operations,” explains Hélène Lorenzi-Hardouin, Deputy CEO.
LBA maintained its turnover in 2020 thanks to good export figures: the company is distributed in 20 countries (Russia, Dubai, Brazil, Mexico, Morocco) and expects its income to triple from 2023. from abroad (i.e. 10 million euros). The structuring is underway with a first subsidiary opened in Spain and the next in Mexico.