Deals
Private Equity Firms Open the Door to Egalite for French Workers
- Ardian, FnB and Qualium strike profit sharing deals with firms
- Reforms mean profit share bonus can be made tax free
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Profit sharing and private equity are not concepts that have traditionally gone together. But some French buyout groups have begun offering workers employed in their portfolio companies a slice of any profits from the sale of their businesses in a bid to improve productivity and the reputation of a sector that some European politicians have compared to rapacious animals.
The move has been triggered by a package of reforms introduced by President Emmanuel Macron to boost investment in France’s small and medium businesses.