Announced
Financials
Tags
Diversified Industrials
Private
Single Bidder
Minority
Pending
Private Equity
Friendly
Acquisition
Brazil
specialty lubricants
Synopsis
CVC to acquire a 30% stake in Cosan Lubes Investments, a Latin American manufacturer and distributor of specialty lubricants, from Cosan, a Brazilian conglomerate with assets in the energy and logistics sectors. Financial terms were not disclosed. "The partnership with Cosan presents a great opportunity for CVC Funds to invest for the first time in Latin America. We are looking forward to working closely with the excellent management teams of Cosan and Moove, leveraging our expertise and our global network to expand its footprint internationally," Jean-Marc Etlin, CVC Partner.
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