Brief: CVC, GBL Launch EUR 10.7 Bln Bid For Recordati At EUR 51.29/SHR

CVC Capital Partners

22/05/2026 06:26

May 22 (Reuters) - Recordati Industria Chimica e Farmaceutica SpA RECI.MI on behalf of CVC Capital Partners IX Aggregator SCA SICAV-RAIF Sub-Fund 2 and Groupe Bruxelles Lambert SA, through Black Mountain SÀRL:

CVC FUND IX AND GBL ANNOUNCE EUR 10.7 BILLION VOLUNTARY CASH TENDER OFFER FOR RECORDATI AT EUR 51.29 PER SHARE

BID AIMED AT OBTAINING DELISTING OF RECORDATI

FOLLOWING NON-BINDING INDICATION OF INTEREST, KEY CONDITIONS HAVE BEEN SATISFIED THROUGH A PARTNERSHIP WITH GBL

OFFER IS SUPPORTED BY A COMMITTED, FLEXIBLE AND STABLE SHAREHOLDER BASE

OFFER PRICE INCORPORATES A PREMIUM OF 12.891% COMPARED TO THE OFFICIAL SHARE PRICE AS AT 25 MARCH 2026

ROSSINI,  EXISTING CONTROLLING SHAREHOLDER OF RECORDATI, HAS ENTERED INTO AN UNDERTAKING TO TENDER TO THE OFFER ALL 97,912,463 RECORDATI SHARES, EQUAL TO 46.82%

LUXINVA, CPP INVESTMENT BOARD PRIVATE HOLDINGS, PSP EUROPE LP, CERTAIN FUNDS MANAGED OR ADVISED BY STEPSTONE, CERTAIN FUNDS MANAGED OR ADVISED BY ALPINVEST, MGG STRATEGIC SICAF SIFIN RESPECT TO SUB-FUND MGG STRATEGIC AND CERTAIN FUNDS MANAGED OR ADVISED BY CAPSOL WILL INVEST ALONGSIDE CVC FUND IX AND GBL

ANDREA RECORDATI WILL ALSO INVEST IN THE ULTIMATE CONTROLLING ENTITY OF BIDCO, WITH CVC INVESTOR AND GBL INVESTOR

Further company coverage: RECI.MI

 (Gdansk Newsroom)

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