OpenGate Capital, a global private equity fund announced the exit of Benvic in favour of Investindustrial, a leading European fund.
With factories in France, Italy and Spain, Benvic is one of the leading European manufacturers of solid PVC compounds.
Benvic is a former division of Solvay which was the target of a carve out by OpenGate Capital.
OpenGate Capital was advised by an Almain team, as lead counsel, led by Edgard Nguyen and Mathilde Garin.
OpenGate Capital was also advised by Lincoln.
Investindustrial was advised by Chiomenti and Gide.