Private equity group CVC Capital Partners EURONEXT:CVC has agreed to acquire Italian industrial automation company Clevertech from the Reggiani family, it said on Monday.
Founded in 1987 and based near Reggio Emilia, Clevertech designs and manufactures automation systems for the packaging industry.
Under the deal, CVC will acquire 100% of Clevertech from family holding company REFA, while REFA will reinvest for a minority stake alongside CVC.
No financial terms were disclosed but a source familiar with the matter told Reuters the transactions valued the company around €800 million ($912.48 million) including debt.
Clevertech reported 2025 revenue of €236 million and EBITDA of more than €70 million.
The investment will be made through CVC Capital Partners IX.
Founder Giuseppe Reggiani will remain chairman and chief executive officer.
Giorgio De Palma is the CVC partner leading the investment.
REFA was advised by J.P. Morgan, while UBS advised CVC.
($1 = 0.8767 euros)