CVC Agreed to Take a Minority Stake in Camouflage Maker Fibrotex Through Its Catalyst III Fund:

HedgeCo.Net — CVC has agreed to acquire a minority stake in Fibrotex, a maker of advanced multispectral camouflage designed to reduce the detectability of personnel, vehicles and critical assets. The investment is being made through the CVC Catalyst III fund and is structured as a partnership with the founding Blum family, which will retain majority ownership.
Israeli business outlet Calcalist reported that CVC is buying a 40% stake for $350 million, leaving the family with a controlling 60% interest. Calcalist also reported that Fibrotex generated an estimated $130 million to $150 million of revenue in 2025. CVC did not disclose financial terms in its own announcement.
Fibrotex has principal locations in Kentucky and in Petah Tikva, Israel, and serves customers in more than 20 countries, including the United States, Japan, Australia, New Zealand and several European nations. CVC said demand for protective technologies is supported by long-term defense modernization and rising security requirements, and that CVC Catalyst will back the company’s innovation and international expansion.
The transaction remains subject to customary regulatory approvals and is expected to close in the first half of 2027. Jefferies advised the Blum family, and Rothschild advised CVC.
The deal adds to a steady flow of private capital into defense supply chains, and its structure is notable. A minority position alongside a founding family lets a sponsor gain exposure to a specialized, export-driven defense supplier without the control and governance questions that often complicate buyouts in the sector.