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Announced

CVC to acquire a majority stake in Neolith Group from Investindustrial.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Single Bidder

Majority

Private Equity

Pending

Acquisition

sintered stone

Friendly

Spain

General Mining

Cross Border

Private

Synopsis

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CVC, a private equity firm, agreed to acquire a majority stake in Neolith Group, a company that specialises in sintered stone surfaces, from Investindustrial, an investment group. Financial terms are not disclosed. "It is a privilege to welcome CVC into the great Neolith project and its arrival will no doubt represent a new turning point in the group's history, accelerating our ambitious strategic objectives. Its extensive experience and global presence will be a great help to us in developing our enormous potential. We are grateful for the confidence and constant support of Investindustrial and the Esteve Family in making Neolith a unique platform that has enabled us to consistently expand the business with a firm commitment based on innovation, branding, sustainability and a straightforward approach based on open collaboration," Jose Luis Ramón, Neolith Group CEO.

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