Cinven, the European private equity firm, has today received approval for the acquisition of 100% of MODAMAX, a company controlled by funds managed by AXA Private Equity, by MODACIN, a holding company controlled by funds managed by Cinven. This acquisition whose conclusion is expected next week, will give MODACIN control over 64.6% of the capital and 74.5% of the voting rights of Camaïeu.

In compliance with the stock exchange regulations, a public offer for the shares in Camaïeu that are not held by MODAMAX will be registered with the AMF by the end of May 2007, at a price of €267 per share, dividend attached.