Announced
Financials
Tags
Private Equity
Private
Acquisition
Majority
General Mining
Spain
sintered stone
Synopsis
An investment subsidiary of Investindustrial invested €100m ($112m) in Neolith, a pioneer and leader in sintered stone sector. Neolith has an international commercial footprint distributing its products in more than 80 countries with exports representing more than 80% of total sales. Jesus Esteve, Chairman of Neolith, said: "We are delighted to be partnering with Investindustrial as we look to grow the company further in the international markets outside Europe. Given Investindustrial’s background and deep knowledge in the high-end design sector and its global reach, we strongly believe it is the right partner to further support the international expansion of the company while strengthening the management team and reinforcing the product development."
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