Eurovetrocap Joins Forces with Investindustrial in Major Acquisition
Deal News | Jan 08, 2025 | Finance Community IT - 3 Private Equity
Investindustrial has acquired a majority stake in Eurovetrocap, a company specializing in cosmetic packaging. Founded in 1983 and based in Trezzano sul Naviglio, Italy, Eurovetrocap produces both glass and plastic packaging materials for the cosmetics and pharmaceutical sectors. The acquisition will add significant value to Investindustrial's portfolio, which already includes Virospack, by making them one of the main players in the European cosmetic packaging industry. Eurovetrocap will continue to operate under its current leadership, maintaining its strategic approach toward emerging brands and independent operators. The deal was supported by financial and legal advisors including Mediobanca and Chiomenti. This strategic acquisition will create opportunities for cross-selling and strengthen the firm's product innovation capabilities, according to Andrea Bonomi, Chairman of Investindustrial’s advisory board.
Sectors
- Cosmetic Packaging
- Private Equity
Geography
- Italy – Eurovetrocap is based in Trezzano sul Naviglio, Italy, and plays a central role in the deal, handling its operations and focus in the Italian market.
- Europe – Investindustrial aims to become a significant player in the European cosmetic packaging market, with Eurovetrocap and previously acquired Virospack furthering this ambition.
Industry
- Cosmetic Packaging – The article focuses on the acquisition within the sector of cosmetic packaging, highlighting the strategic importance of Eurovetrocap's capabilities in the packaging industry for cosmetics.
- Private Equity – The acquisition by Investindustrial, a private equity firm, is a critical element of the narrative, showcasing investment strategies in expanding diverse market portfolios.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Investindustrial | Bidding Company | Company | An independent investment company specializing in private equity. |
| Eurovetrocap | Target company | Company | An Italian company specializing in creating packaging for cosmetics. |
| Cattaneo Family | Selling Company (Vendor) | People | Founders of Eurovetrocap. |
| Mediobanca | Financial Advisor | Company | Provided financial advisory services to Eurovetrocap for the acquisition process. |
| Chiomenti | Legal Advisor | Company | Supplied legal advisory services to Investindustrial. |
| PwC | Financial and Tax Due Diligence | Company | Handled vendor assistance and due diligence for Eurovetrocap and Investindustrial. |
| Orrick | Legal Advisor | Company | Provided legal counsel to Eurovetrocap during the transaction. |
| Andrea C. Bonomi | Chairman of the Advisory Board | People | Chairman of the advisory board at Investindustrial, commented on the strategic acquisition. |