CVC Capital Capital Partners, a global private equity platform, through its CVC Capital Partners Fund VIII, is acquiring the Neolith Group, a firm previously controlled by Investindustrial and its founders, the Esteve Family.
Neolith is involved in the process of transformation in the stone surfaces industry with innovative and sustainable services that combine design and functionality for a wide range of applications. Neolith is a provider of the creation of sintered stone with business in over 100 countries. CVC is a private equity and investment advisory firm with a network of 25 offices and approximately $122 billion of assets under management.
“It is a privilege to welcome CVC into the great Neolith project and its arrival will no doubt represent a new turning point in the group’s history, accelerating our ambitious strategic objectives,” said Jose Luis Ramón, CEO of Neolith Group. “Its extensive experience and global presence will be a great help to us in developing our enormous potential. We are grateful for the confidence and constant support of Investindustrial and the Esteve Family in making Neolith a unique platform that has enabled us to consistently expand the business with a firm commitment based on innovation, branding, sustainability and a straightforward approach based on open collaboration.”