The Carlyle Group Enters into Agreement to Sell Evernex to 3i

Carlyle

Paris, France – Global investment firm The Carlyle Group (NASDAQ: CG) today announced it has reached an agreement to sell Evernex, a major global provider of third-party maintenance (“TPM”) services for data-center infrastructure and critical IT assets, to 3i Group plc (“3i”). The investment in Evernex was made by Carlyle Europe Technology Partners III (CETP), a pan-European fund focusing on telecoms, media and technology (TMT). The transaction is subject to legal and regulatory approvals, and is expected to close in Q4 2019.

Under Carlyle’s stewardship, Evernex – formerly known as Cap Vert Finance – has pursued a strategy based on three growth pillars: focus on third-party maintenance services; institutionalization and industry consolidation. Over the last four years, the group has more than trebled its maintenance activities through an aggressive international development plan taking the number of offices around the globe from 17 to 33 and the number of employees from 230 to 550. In this process, the company has strengthened its management and infrastructure under the new leadership of Stanislas Pilot. With the backing of Carlyle, Evernex has played an important role in the consolidation of the TPM industry through five acquisitions in France, Spain, Brazil and Argentina.

Stanislas Pilot, CEO at Evernex stated: “Carlyle has been a key partner in Evernex’s growth story over the past 4 years, and we would like to thank the CETP team for all the support they have given to the group. The fruits of our ambitious strategy and our unique customer engagement model have been reflected in our growth in key geographic zones, notably in EMEA and Latin America. We look forward to continuing our development with our new majority shareholder and partner, 3i, who will support our next phase of growth across global markets.”

Vladimir Lasocki, Managing Director and Co-Head of the CETP investment advisory team at The Carlyle Group, said: “We are proud to have been a strategic partner in the formation of the Evernex group over the last 4 years. Evernex stands out for its flexible customer engagement model and its truly global footprint. They have combined solid fundamentals in this buoyant segment of the IT market with the intelligent deployment of the group’s capacities as a consolidation platform. This has brought about the construction of an indispensable TPM global player with leading market positions in Europe and Latin America, and a significant presence around the world. The investment is a great example of the strategies we put in place within CETP portfolio companies. It has been a real pleasure to work with Stanislas and his team over this period and we are confident that Evernex will continue to prosper in the coming years under 3i’s ownership.”

ENDS

About Evernex:
Evernex is a French headquartered company, which specializes in the maintenance of global IT infrastructure and offers a comprehensive range of services from maintenance to Spare as a Service – SpaaS ™, as well as additional services such as recycling, secure data disposal, data center removal and relocation, library repair, IT hardware rental, and financial solutions.

Evernex offers services 24 hours a day, 7 days a week, at all customer sites worldwide to ensure business continuity and operational quality for users, all through a process of environment protection and sustainable development. Evernex carries out three-quarters of its service activities internationally and covers more than 160 countries across the world. The group has achieved a consolidated turnover of close to $220 million in 2018. The majority shareholder in Evernex is The Carlyle Group (NASDAQ: CG), an international investment firm,

More information at www.evernex.com/

About The Carlyle Group:
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of March 31, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents.

Web: www.carlyle.com
Videos: https://www.youtube.com/user/OneCarlyle
Tweets: http://www.twitter.com/onecarlyle
Podcasts: http://www.carlyle.com/about-carlyle/market-commentary

Media contacts:

The Carlyle Group
Catherine Armstrong
+44 207 894 1632
Catherine.armstrong@carlyle.com

Dominic Riding
+33 (0)6 48 57 83 24
carlyle@steeleandholt.com

3i
Kathryn van der Kroft
+44 20 7975 3021
kathryn.vanderkroft@3i.com

Catherine Kablé
+33 (0)1 44 50 54 75
catherine.kable@kable-communication.com

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Ardian-Backed Kersia acquires Choisy Laboratories

Ardian

2019 – Kersia, the global leader in food safety, announces the acquisition of Choisy Laboratories (“Choisy”), a leading developer and manufacturer of chemical, biotechnological and biosecurity hygiene solutions based in Canada, from the Trudeau family and Champlain Financial Corporation, in partnership with the Alberta Teachers’ Retirement Fund.

This transaction grows Kersia’s geographical footprint in North America, allowing the company to expand its presence in new sub-segments and to acquire new technologies; it has been completed with the support of Ardian, its majority shareholder.

Founded in 1946 and headquartered in Louiseville (Quebec), Choisy focuses on research, manufacturing and marketing of food safety & biosecurity solutions, with a strong focus on value-added products, notably with eco-labelled solutions thanks to its biotechnological capabilities as well as its strong enzymatic know-how. The company employs 250 people and is primarily active in the Food Service and Hospitality market segments across eastern Canada and in Europe.

With this acquisition, Kersia’s network will comprise 23 plants (o/w 16 owned), with c.1,200 employees and a turnover of c.€250 million. This is Kersia’s fifth strategic acquisition since its acquisition by Ardian in October 2016.

Sebastien Bossard, CEO of Kersia, said: “This acquisition is in line with Kersia’s growth strategy and ambition to become the world’s leading player in Food Safety solutions for the entire food chain from farm to fork. Combining the deep R&D and technological expertise of Choisy and Kersia’s teams, with the support of Ardian, grows our international footprint substantially and strengthens our offering. The complementarity between our two companies is strong, as are the common values we share. We are very pleased to welcome the Choisy team within our group.”

As far as Guy L. Trudeau, President and CEO of the Choisy Group is concerned, he declared: « I’m excited to conclude this transaction because of the great cultural and technological complementarities, as well as the growth opportunities and synergies that will be generated. The food industry and the professional hygiene markets will greatly benefit from the new modern alternatives in biosafety and food service hygiene solutions represented by the Choisy-Kersia offer. I am convinced that the conjunction of the Choisy-Kersia brands will serve as a value and growth accelerator for the company, its employees and shareholders in North America and Europe. »

Thibault Basquin, Head of Americas Investments and Managing Director at Ardian Buyout, added: ”The Ardian team is very proud of what we have achieved with Sebastien Bossard and the Kersia team over the past two years, particularly in terms of Kersia’s transformation. I would like to thank the Trudeau family for entrusting Kersia as the new home for Choisy. This is a great step in our ambitious international development plans, and we look forward to further supporting Kersia’s journey towards growth.”

ABOUT ARDIAN

Ardian is a world-leading private investment house with assets of US$96bn managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base.

Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with 610 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 970 clients through five pillars of investment expertise: Funds of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
Follow Ardian on Twitter @Ardian

ABOUT KERSIA

Kersia is a global leader in biosecurity and food safety with value added products and solutions to prevent diseases or contamination in both animal and humans at every stage of the food supply chain.

Kersia is the name adopted in 2018 by Hypred, Antigerm, Medentech, LCB Food Safety, G3 and Kilco, experts in their fields which came together in 2017 and 2018, bringing together complementary skills and expertise that improve farm performance and add value to the food industry.

Now present in more than 90 countries and employs more than 1,200 personnel, Kersia records a turnover of 250 million euros.

ABOUT CHOISY LABORATORIES

Choisy is seventy-three years of research, development and know-how dedicated to innovation and the creation of added value for the protection of health, working environments, consumer and leisure environments. It is chemistry, biotechnology and application-based biological services at the service of the environment for a healthy environment.

Founded by Yvon G. Trudeau, B.A. and B.Sc., pioneer in professional hygiene in Canada, Choisy has always distinguished itself through the development of its own chemical and biological platforms or bases and through the technological innovation of its products and services.

A fully integrated company from chemical and biological scientific research to the commercialization of its formulas, products and application services, the Choisy Group has 250 employees in four divisions: Choisy Laboratories, GDG Environment, Mikadoweb Solutions and RMS Equipments/Services. These complementary business divisions are all articulated from the head office located in Louiseville, Qc, where the production and research & development activities for Hygiene Solutions are mainly located. The Group also operates three distribution centres and four business centres in Eastern Canada, in addition to the headquarters of GDG Environment located in Trois-Rivières, Quebec and RMS Equipments/Services located in Laval, Quebec.

PRESS CONTACTS

ARDIAN / KERSIA
Headland
VIKTOR TSVETANOV
Phone : +44 020 3435 7469
vtsvetanov@headlandconsultancy.com
CHOISY
Ovation médias
RICHARD BEAUDRY
Phone : 514-645-2040 poste 300
rbeaudry@ovationmedias.com

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3i invests in Evernex, the European leader in third party maintenance of IT infrastructure

3I

3i Group plc (“3i”) today announces that it will invest in Evernex, a leading international provider of third party maintenance (“TPM”) services for data centre infrastructure. 3i is investing alongside the management team, headed by Stanislas Pilot, and is acquiring the business from Carlyle Europe Technology Partners.

Headquartered in Paris, France, Evernex maintains over 200,000 IT systems in c. 160 countries, and has a global network of 34 offices. It is the preferred maintenance partner for multinational companies. It has developed a multi-channel and multi-vendor flexible offering. With a maintenance proposition covering data centre hardware & critical IT assets, the business provides solutions for servers, storage and network equipment, with a differentiated presence notably in Europe and Latin America.

Under 3i’s helm, Evernex will push its expansion agenda in a market backed by sound growth fundamentals: increasing diversity of servers and storage systems in data centres; customers’ propensity to seek alternatives to existing maintenance solutions; and a growing need from customers for integrated network maintenance. In this market, Evernex’s international scale and technological expertise fits IT decision makers’ requirements of relying on single point of contact providers to maintain mission-critical IT equipment across several continents.

Stanislas Pilot, CEO, Evernex, commented:

“3i has a truly international team and network, which makes it the best partner for businesses looking to expand geographically. It also has deep expertise in the outsourcing space and we look forward to benefiting from its track record as we look to accelerate our growth. ”

Rémi Carnimolla, Partner & Managing Director, Frédéric Chiche and Guillaume Basquin, Directors at 3i France, added:

“We are delighted to invest in Evernex, a business we have been tracking for more than 2 years and which fits strongly with our focus on the Business & Technology Services sector. It has performed solidly over the past 6 years, with c.20% growth per annum. Under Stanislas’ leadership, Evernex has become a leading player in the mission-critical IT lifecycle services with a highly differentiated proposition and a global footprint. We believe Evernex is the best positioned consolidation platform to take global leadership in a fragmented industry. We look forward to supporting its growth plans and working with Stanislas Pilot and his excellent management team.”

The transaction is subject to approval under foreign investment regulations in relevant jurisdictions and is expected to close by Q4 2019.

 

– ENDS –

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Final close of CVC Strategic Opportunities II at €4.6 billion, surpassing its target

Latest fundraising continues the successful track record for the platform, with CVC Strategic Opportunities I having secured commitments of €3.9 billion

CVC Capital Partners is pleased to announce the final close of CVC Strategic Opportunities II (“SO II”) with total commitments of €4.6 billion, surpassing the target of €4 billion.

SO II’s global investor base, made up of sovereign wealth, public and private pension funds, financial institutions, foundations, endowments and family offices, diversifies the platform’s overall investor mix and reflects the growing appetite for this type of longer life vehicle.

The Strategic Opportunities platform invests in long-term capital appreciation opportunities across Western Europe and North America which fall outside CVC’s traditional private equity strategies. The platform seeks out stable opportunities with attractive risk-reward profiles which require a longer term outlook to unlock growth. Since 2016, €3.6 billion has been committed by the platform in seven opportunities, the latest of which, GEMS Education, the world’s largest provider of private K-12 education by revenue, was announced last week.

Lorne Somerville, Co-Head CVC Strategic Opportunities said: “We are delighted to have closed CVC Strategic Opportunities II. We continue to believe this is an attractive and growing market, a belief that is clearly shared by our investors, given the success of this capital raising with a closing well above the €4 billion target.”

Jan Reinier Voûte, Co-Head CVC Strategic Opportunities added: “The Strategic Opportunities platform invests in high-quality businesses with longer growth horizons. Often this is done in partnership with families or foundations who are seeking additional capital and support from CVC’s global investment platform to take their businesses to the next stage of development. SO II will allow us to continue to support great companies with these resources.”

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KPN Ventures joins Cambridge deeptech investment fund IQ Capital

Kpn Ventures

Rotterdam, 17-07-2019 – KPN Ventures, the venture capital investment arm of KPN, has invested in the final close of the third early-stage investment fund of Cambridge, UK based IQ Capital, an independent fund manager focused on investments into UK technology companies with unique knowhow or strong IP and primarily originating from the Cambridge innovation ecosystem.

Today, there are some 5,900 technologies companies in Cambridge, including 12 companies valued over a billion dollars (i.e. ARM, Autonomy and Aveva), and circa 63,000 people working in technology firms. Through twenty years of investing, IQ Capital has built very strong connections with all key components of the Cambridge ecosystem, from professors, research labs, successful entrepreneurs and investors to young scientists and key opinion leaders within the tech industry. The fund size amounts to $175 million from which they aim to invest across six domains: Data Analytics, FinTech, Human Machine Interface, Internet of Things (IoT), Cyber Security and High Performance Engineering.

Since its inception in June 2018, the fund has made already 12 investments in for example Concirrus, Wluper, Iotic Labs and CCS.

This is KPN Ventures’ fifth investment in a European early-stage fund, focusing on innovative technology companies spinning out of university research and innovation hubs. Previously, KPN Ventures invested in Enschede-based Cottonwood Technology Fund, Paris-based PSL Innovation Fund, Leuven-based imec.xpand and Lisbon-based Armilar TechTransfer Fund. Through these investments, KPN Ventures aims to create early access to new technology partners, and build partnerships to experiment, improve and expand its offerings to customers.

The full press release on IQ Capital’s closing of the new fund can be accessed here.

About IQ Capital

IQ Capital is a venture capital firm, based between Cambridge and London, that invests in ‘deep-tech’ across sectors including machine learning, AI, robotics, and advanced engineering and materials, and data-focused propositions based on disruptive algorithms. All of the firm’s portfolio companies are capable of dominating their respective markets on a global scale. Initial investments range from £300k to £5m, with capacity for follow-on investment up to £10-15m. The IQ Capital team has achieved over 20 exits to date, to companies including Oracle, Google, Apple, Huawei, and Facebook, and several IPOs. IQ Capital has led 28 investments over the last three years. The firm is currently investing at seed and Series A stage from its third venture fund. In July 2019, IQ Capital launched its Growth Opportunities Fund, providing the capital to scale companies through to exit. For more information, please visit www.iqcapital.vc.

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Questel acquires Direct Validation

ik-investment-partners

Questel, one of the world’s largest intellectual property software and service providers, has signed an agreement to acquire Direct Validation.

Founded in 1988 and based in Stockholm (Sweden), Direct Validation is a major player in EP validations services, the process of registering granted European patents in the countries where they will ultimately be enforceable.

“Questel has provided European patent validation services in the past, mainly through partners,” says Charles Besson, Questel CEO. “This investment will provide us with yet another highly synergistic client offering within the innovation and IP lifecycle.”

”Connecting Questel’s intellectual property solutions and worldwide network with Direct Validation’s unique knowledge of EP validations will translate into deep savings for clients of both of our companies,” says Olle Bäcklund, CEO of Direct Validation.

For more information, please visit www.questel.com

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The Carlyle Group and VICO Infrastructure Announce Partnership to Invest in U.S. Water Infrastructure

Carlyle

WASHINGTON, DC & NEWPORT BEACH, CA – Global investment firm The Carlyle Group (NASDAQ: CG) and large-scale infrastructure firm VICO Infrastructure Company (VICO) today announced a partnership through which the firms will invest in water infrastructure projects across the United States. The partnership will develop, acquire and optimize water, desalination, wastewater treatment and water reuse facilities across the country, meeting a growing need to address water scarcity due to population growth and aging infrastructure. Carlyle intends to fund this investment from its Carlyle Global Infrastructure Opportunity Fund.

“We are delighted to partner with Carlyle and leverage an incredibly wide range of expertise, resources and capital to benefit communities, clients and investors,” said Brian Cullen, President & CEO of VICO Infrastructure. “We recognize there is significant demand for investment in US water infrastructure and partnering with Carlyle will advance VICO’s mission to combine creativity, knowledge, experience and transparency into every living infrastructure project.”

“The Carlyle Group is thrilled to partner with Brian Cullen, a respected industry veteran, and the entire VICO platform,” said Peter Taylor, Managing Director and Co-Head of the Carlyle Global Infrastructure Opportunity Fund.  “Population growth and increased economic activity in areas with limited water supply are increasing constraints on water infrastructure. We see a significant opportunity for VICO and Carlyle to invest in these communities to deliver improved, sustainable and resilient infrastructure for all stakeholders.”

VICO and Carlyle intend to collaborate and pursue investments with public agencies, private industries, education facilities, real estate and related energy and smart-city technology projects as well as explore opportunities with Carlyle’s existing and future portfolio companies. As an example, the City of Lake Oswego, Oregon has shortlisted VICO and Carlyle as a potential preferred developer to lead the development and financing of a new wastewater treatment plant for the city.

Water industry veteran Brian Cullen established VICO in 2018. Prior to VICO, Brian served as President and shareholder of PERC Water Corporation for 17 years. He was instrumental in completing over 20 mid-sized water infrastructure projects valued in the hundreds of millions of dollars. Most notably, Brian led the Santa Paula, California public-private partnership, the first privately funded project of its kind in the US.

* * * * *

 About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of March 31, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of our investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,725 people in 33 offices across six continents. www.carlyle.com

For media inquiries, contact Christa Zipf at Christa.Zipf@carlyle.com or at +1 (212) 813-4578.

About VICO Infrastructure

VICO Infrastructure (VICO) specializes in the creative development and efficient management of large-scale infrastructure projects. VICO’s mission is to combine creativity, knowledge, experience and transparency into every living infrastructure project.  VICO solves infrastructure challenges by partnering with its clients in a strategic and transparent manner. VICO teams with talented people, best-in-class companies and smart technologies on projects that improve quality of life, enhance communities and provide attractive returns to investors.  http://www.vicoinfrastructure.com/

For more information, contact VICO Infrastructure at connect@vicoinfrastructure.com, or +1-949-375-4892.

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EQT strengthens footprint in Italy – opens office in Milan

eqt

  • EQT opens office in Milan and accelerates efforts in Italy
  • The Milan office will be led by Federico Quitadamo, Managing Director and Head of EQT Italy
  • EQT has already invested in Italian portfolio companies; Lima, a global leader in additive manufacturing of 3D printed orthopaedic implants, and Facile.it, Italy’s largest online price comparison platform for motor insurance, energy, telecoms and personal finance products

EQT today announces the opening of an office in Milan, Italy. The office will be led by Italian native Federico Quitadamo, Managing Director and Head of EQT Italy, who was previously based in EQT’s Zurich office. In alignment with EQT’s “local-with-locals” approach, the team in Milan will target thematic investment opportunities with support from EQT’s global platform and extensive Industrial Network.

Federico Quitadamo, Managing Director and Head of EQT Italy, commented: “The opening of the Milan office is a testimony to EQT’s commitment to investing in established Italian companies and developing them into strong and sustainable businesses. Italy has an abundance of investment opportunities in EQT’s core sectors, and the team is looking forward to seeking new mid- and large-cap buyout investments. In addition, EQT will also explore investment opportunities in the Infrastructure and Real Estate spaces.”

Christian Sinding, CEO and Managing Partner at EQT, commented: “We are pleased to expand into in Italy, three years after EQT’s first investment in the country. The Milan office is part of the continued ambition to establish a local presence across the regions EQT invests in. With a local team on the ground in Milan, EQT is better-positioned to stay close to its portfolio companies and to capture new investment opportunities in Italy.”

Massimo Rossi, Senior Industrial Advisor to EQT since its inception in 1994 and Italian native, commented: “At last, EQT has a firm footprint in Italy. There is plenty of activity in the Italian market, and with a permanent office in place, EQT is well-positioned to translate this into attractive investment opportunities. Having supported EQT since the start, I now look forward to working together also with the team in Milan”.

The opening of an office in Milan builds upon EQT’s successful entry into Italy in recent years. EQT made its first investment in Italy in March 2016, when EQT VII acquired Lima, a global leader in additive manufacturing of 3D printed orthopaedic implants. Founded in 1945, Lima covers the entire spectrum of large joint and extremities reconstruction including custom-made implants for shoulders, elbows, hips and knees.

In June 2018, EQT VIII announced its investment in Facile.it, Italy’s largest online price comparison platform for motor insurance, energy, telecoms and personal finance products. Every year, Facile.it helps approximately 20 million users to compare prices and save money on key elements of their household expenditure, providing access and comparison to products from 80 providers.

Contact
Federico Quitadamo, Managing Director and Head of EQT Italy, +39 345 732 0772
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

Milan office address:
EQT Partners Srl
Via Passaggio Centrale 2
Milano 20123
Italy

About EQT
EQT is a leading investment firm with more than EUR 61 billion in raised capital across 29 funds and around EUR 40 billion in assets under management. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

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Divestment of Aleris

Investor

Patricia Industries, a part of Investor AB, has signed an agreement to divest Aleris to Triton at an enterprise value of SEK 2.8bn. Adjusted for net debt of approximately SEK 550m and estimated transaction costs of SEK 200m this equals an equity value of SEK 2bn. Doktor24 will remain within Patricia Industries and be included in Financial Investments.

Aleris is a provider of specialty care, healthcare and diagnostics with a strong footprint across Scandinavia with high medical quality, customer satisfaction and strong offerings. Aleris serves 1.1 million patients and conducts 1 million radiological examinations annually.

“During our ownership since 2010, Aleris has developed and strengthened its offering and achieved higher customer satisfaction. However, the financial performance has not been satisfactory. As owners we always strive to do what we deem is best for our companies and our shareholders. In late 2018, Aleris divested Aleris Care to Ambea, a new good owner of the business. Now the healthcare business is divested to Triton, which we see as a good owner that will continue to develop the offering to the patients and customers. Through this transaction we will free up resources for further development of our strong platforms within Patricia Industries”, says Johan Forssell, CEO of Investor.

“As a focused healthcare company, Aleris has further developed its business, accelerated the restructuring of the Swedish operations and won new contracts. With Triton as an owner with broad industry experience, the company has a strong platform to continue to provide high-quality healthcare services with satisfied customers”, says Christian Cederholm, Co-Head, Patricia Industries.

The transaction is subject to regulatory approvals and closing is expected during the third quarter 2019.

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Sale of Bosch Packaging Technology: CVC and Bosch reach an agreement

CVC Capital Partners selected for its growth strategy and broad industrial expertise

Bosch plans to sell its packaging machinery business, based in Waiblingen, to a newly incorporated entity managed by CVC Capital Partners (CVC). The company and its Pharma and Food units will remain intact. Based in Luxemburg, CVC is a leading private equity and investment advisory firm with 24 offices in Europe, Asia, and the United States. It currently manages more than US$75 billion of assets.

The parties signed an agreement on July 11, 2019 effecting the transfer of the entire packaging technology business and its 6,100 associates in 15 countries. It has been agreed that the purchase price and other details of the purchase agreement will not be disclosed. Completion of the sale is subject to the approval of various bodies, including antitrust authorities, and is expected to close at the turn of the year.

Positive prospects for the Packaging Technology business

Dr. Alexander Dibelius, Managing Partner of CVC, said: Bosch Packaging Technology is a strong company in an attractive market with long-term growth prospects. Packaging Technology has an excellent reputation for quality and innovation, a broad product range, a global footprint, and experienced associates. Together with the management team, we will work to take the business forward in the years ahead, and to make it even more competitive.”

Dr. Stefan König, the President of Robert Bosch Packaging Technology GmbH, said: “My colleagues and I in executive management regard this new partnership with CVC as a huge opportunity for our future success. Just under two years ago, we completely modified our strategy. It now includes working on a completely new range of smart and sustainable process and packaging technologies. This will allow us to offer our customers even more attractive product solutions and services in the future. Our customers and our associates will benefit from the progress we have made.”

Dr. Stefan Hartung, member of the board of management of Robert Bosch GmbH and chairman of the supervisory board Robert Bosch Packaging Technology GmbH, said: “With its experience in growing companies over the long term, its broad industrial expertise, and its viable strategy for taking the division forward, CVC was the right choice for us. The growth concept it has presented, as well as the investments it plans to make, are very promising. For Packaging Technology and all its associates, our aim was to find a reliable new owner with a long-term approach, under whose leadership the business can develop successfully. We have achieved just that.”

Bosch is consolidating its resources

Bosch announced a year ago that it was looking for a buyer for its packaging technology business. The company is giving increasing attention to mobility and connectivity over the internet of things. It is focusing its existing resources on areas of future importance, such as shaping the transformation process and preparing for further digitalization. Bosch firmly believes that the Packaging Technology division’s competitiveness, and thus also its future viability, can be further enhanced through this new partnership, and that significant stimuli for growth can be created.

 

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