M&A Deal Summary

CVC Capital Partners Acquires Neolith

On April 18, 2022, private equity firm CVC Capital Partners acquired building materials company Neolith from Investindustrial

Acquisition Highlights
  • This is CVC Capital Partners’ 8th transaction in the Building Materials sector.
  • This is CVC Capital Partners’ 19th transaction in Spain.

M&A Deal Summary
Date 2022-04-18
Target Neolith
Sector Building Materials
Buyer(s) CVC Capital Partners
Sellers(s) Investindustrial
Deal Type Secondary Buyout

Target

Neolith

Almazora, Spain
Neolith is an innovative architectural surface with superior technical characteristics, made from 100% natural raw materials. The company is quality, versatile, durability, and sustainable, but also class, elegance style, and subtlety; created to satisfy the most demanding needs of the world of architecture and interior design through its different collections, suitable for any type of application such as kitchen worktops, bathrooms, facades flooring, and even furniture. Neolith was founded in 2009 and is based in Almazora, Spain.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.

DEAL STATS #
Overall 305 of 323
Sector (Building Materials) 8 of 8
Type (Secondary Buyout) 71 of 76
Country (Spain) 19 of 19
Year (2022) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Radwell

Willingboro, New Jersey, United States

Radwell is a distributor of new, surplus, and reconditioned industrial automation and electronic control equipment for plant floor and facilities maintenance machinery. The company also has full component-level repair capabilities, offering comprehensive solutions for all products across the full industrial automation equipment lifecycle. Radwell stocks and sells over 18 million new and refurbished surplus industrial parts such as programmable logic controllers, data control systems, integrated circuits, timers, servo motors, and much more. Radwell is headquartered in Willingboro, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Version 1

London, United Kingdom

Version 1 is an IT consulting and managed services company. Version 1 delivers technology-enabled solutions and services that transform their customers’ businesses. They bring in-depth domain experience, breadth of technology competence, and a relentless focus on service excellence and customer satisfaction to address the business challenges of enterprise customers across all industry sectors. Version 1 was founded in 1996 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

Investindustrial

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Investindustrial is an investment firm focused on creating global leaders through organic growth and acquisitions. The Firm is operationally driven and seeks opportunities in Southern Europe. Areas of interest include services, consumer, retail, leisure, and industrial manufacturing. Investindustrial has offices in London, Luxembourg, Milan, Lugano, Barcelona, Shanghai, and New York.

DEAL STATS #
Overall 32 of 34
Sector (Building Materials) 1 of 1
Type (Secondary Buyout) 5 of 6
Country (Spain) 12 of 13
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Ermenegildo Zegna

Trivero, Italy

Ermenegildo Zegna is a luxury menswear brand and one of the most renowned businesses, by the young entrepreneur Ermenegildo, whose vision was to ethically create the world’s finest textiles through innovation and the sourcing of the noblest fibers directly from their markets of origin. Ermenegildo Zegna was Founded in 1910 and and is based in Trivero, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-15 Natra

Madrid, Spain

Natra is a Spanish multinational company specializing in producing chocolate products for the private label brand and other food companies, as well as in cocoa derivatives. The company’s consumer goods division is responsible for the manufacturing of chocolate tablets, countlines, spreads and Belgian chocolates and specialties, which are commercialized mainly in Europe, with Germany, France, Belgium, Holland, Spain and United Kingdom as main markets. Natra was founded in 1943 and is based in Madrid, Spain.

Sell -
Mergr

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