CVC Capital Partners enters into exclusive negotiations with Advent International to acquire Corialis
Brussels, 9 December 2016 – CVC Capital Partners (“CVC”), one of the world’s leading private equity and investment advisory firms, today announced that it has entered into exclusive negotiations with Advent International, one of the largest and most experienced global private equity investors, following a binding offer made to acquire Corialis (Core Innovative Aluminium Integrated Solutions).
Founded in 1984 and headquartered in Belgium, Corialis is a leading European supplier of aluminium profile systems for windows, doors, sliding elements, roof systems and conservatories. The group has global reach with significant operations in Belgium, France, the UK and Poland.
The terms of this transaction, which require workers’ council information and consultation and is subject to the approval of relevant market authorities, are not disclosed.
About CVC Capital Partners
CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the U.S. To date, CVC has secured commitments of more than US$88 billion from some of the world’s leading institutional investors across its European and Asian private equity, strategic opportunities and growth funds. In total, CVC currently manages over US$50 billion of assets. Today, funds managed or advised by CVC are invested in 52 companies worldwide, employing c.250,000 people in numerous countries. Together, these companies have combined annual sales of over US$80 billion.
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About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in more than 315 private equity transactions in 40 countries and as of June 30, 2016, had €36 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 190 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors: business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.