CVC Capital Partners VIII, a global Private Equity platform, has agreed to invest in the Neolith Group, the global leader in the sintered stone industry that has been controlled by Investindustrial and its founders, the Esteve Family, until now.
Neolith, pioneer in the creation of sintered stone and a global leader with business in over 100 countries, leads the ongoing process of transformation in the stone surfaces industry with innovative and sustainable solutions that combine design and functionality for a wide range of applications: from kitchens, bathrooms and designer furniture to building façades and coverings for the most cutting-edge architecture projects.
Javier de Jaime, Managing Partner at CVC, said that “we are thrilled to have materialized this investment in Neolith so we can continue leading this industry together and undertake the next stage of the investment, which will allow the company to continue accelerating its international expansion and multiply its growth behind the unique value proposition and position it enjoys in the market“. He added that “we invest in companies with outstanding track records that are leaders in their respective industries. Neolith symbolises what we look for in any investment: a growing global market, a unique business model and a multi-disciplinary team that is highly skilled, motivated and international. Our vision is to multiply value in the long term and help the company to unleash its full potential, behind sustainable growth, by committing to technology, research and development of advanced materials, design and branding“.
Read more: News Wire
