Ardian has agreed to buy Italian beverage dispenser manufacturer Celli from fellow private equity house Consilium.
The Milan-based company designs, manufactures, tests and installs beverage dispensers for breweries and soft drinks companies.
Celli’s clients have included major brand names such as Heineken, Carlsberg, Asahi, Coca-Cola and Pepsi.
Through its five manufacturing plants in Italy and the UK, Celli generated around €110m of turnover in 2018.
Consilium first backed the business in a majority stake investment back in 2013.
Ardian managing director Yann Chareton, said “We chose Celli as it is already a solid and highly competitive company, thanks to the good work done by its experienced senior management team.
“With a strong international network and distinctive skills, we are confident that we can contribute to a new phase of growth and success for Celli, supporting its management in this next challenge.”
Ardian has over $90m worth of assets under management across its operations in Europe, the Americas and Asia.
The firm recently raised €6bn for its latest European infrastructure fund, before going on to collect at least $9bn for its secondaries vehicle, ASF VIII.
The private equity major also sold its 18 per cent stake in construction, infrastructure and services group Spie batignolles.
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