«CVC Capital Partners» is seeking co-investors to help finance its proposed acquisition of the Italian pharmaceutical company «Recordati S.p.A.» for 10.9 billion euros (about 12.7 billion dollars), according to people familiar with the matter. Sources said the private equity firm has held initial discussions with several investors, including «Groupe Bruxelles Lambert», Abu Dhabi Investment Authority, Singapore's «GIC Pte», and «Caisse de dépôt et placement du Québec», to explore the possibility of participating in the deal. These talks come as «CVC» plans to execute the acquisition through one of its newest funds, which requires injecting financing of between 5.5 and 6 billion euros.
CVC Capital Partners Seeks Investors for Recordati Acquisition
CVC Capital Partners is seeking co-investors to finance its 10.9 billion euro acquisition of the Italian pharmaceutical giant Recordati S.p.A. Major international investors are involved in the talks.