British investment company CVC Capital Partners Plc has entered into an agreement with REFA Holding to acquire the Italian packaging manufacturer Clevertech SpA for 800 million euros ($912 million). This is reported in a press release from CVC Capital.
As part of the deal, CVC Capital, through the CVC Capital Partners IX fund, will gain control of Clevertech from REFA, controlled by the company's founder, the Reggiani family, which will reinvest funds to acquire a minority stake.
The transaction is expected to be completed at the end of 2026. The deal is aimed at expanding CVC Capital's presence in the international market. JPMorgan is acting as an advisor to REFA, while UBS and Latham&Watkins are advising Clevertech.
Recently, CVC Capital has been actively involved in transactions in Italy. In particular, the company acquired Irca SpA, a supplier of ingredients for the food industry, from Advent and submitted an offer jointly with the Belgian Groupe Lambert to acquire the Italian pharmaceutical company Recordati SpA for more than $12 billion.
CVC Capital Partners is a multinational asset management and private equity investment company. Headquartered on Jersey Island (UK), the company manages assets worth $191 billion.
Clevertech is an Italian company that manufactures automation systems for packaging production lines. The headquarters is located in Reggio Emilia (Italy).
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