Stirling Square Capital Partners buys stake in VERESCENCE from Oaktree Capital Management.

Stirling Square Capital Partners has entered into exclusive negotiations with Oaktree Capital Management to acquire its entire stake in the VERESCENCE. Financial terms were not disclosed. VERESCENCE is the global market leader in glass packaging manufacturing for the perfumery and cosmetics industry. In 2017 VERESCENCE employed 2.3k people across the globe and registered sales of over €280m ($319m). “We are grateful to Oaktree for their support in helping us develop the business and accelerate the Company’s growth. The potential arrival of Stirling Square Capital Partners as new shareholder is in line with our strategy, in particular supporting us in the implementation of our transformation and investment plan and enabling exciting new growth opportunities going forward. We are convinced that this transaction would greatly benefit our employees in France and across the globe, as well as our customers and partners.” Thomas Riou, VERESCENCE CEO.