NEWS & VIEWS

Global private equity and venture capital news and research

CVC wins buyout battle for Spanish olive oil bottler Deoleo

9 Apr 2014

bertolliCVC Capital Partners has tabled the best takeover offer for Spanish olive oil bottler Deoleo by bidding €0.38 per share, the company has revealed.

Deoleo, which owns the world-renowned Bertolli olive oil brand among others, said the offer valued it at about €439m.

Italian government backed Fondo Strategico Italiano was also interested in the business, which received buyout interest after four Spanish banks put a combined 31 per cent stake up for sale.

Earlier this week UK-headquartered CVC hired Welsh, Carson, Anderson & Stowe general partner John Clark as a managing partner based in New York.

Clark will focus on mid-market, growth-oriented deals in the technology, software and tech-enabled business services sectors.

Copyright © 2014 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014