Key Takeaways
- • White & Case advised lenders to CVC Capital Partners on the acquisition of Clevertech Group, an Italian industrial automation and packaging systems company, valued at approximately €800 million.
- • The transaction represents a full equity buyout of Clevertech from REFA, the Reggiani Family holding company, with CVC acquiring 100% of the company's share capital.
- • The deal underscores CVC Capital Partners' continued investment activity in European industrial automation, with the acquisition expected to support Clevertech's international expansion and innovation investments.
- • White & Case's deal team was led by partners Gareth Eagles and Emma Foster (London), Stefano Bellani (Milan), supported by four associates across London and Milan offices, reflecting the cross-border complexity of the transaction.
Summary
White & Case LLP has provided legal counsel to the lenders supporting CVC Capital Partners' acquisition of Clevertech Group, an Italian-headquartered leader in industrial automation and packaging systems solutions. The transaction, announced on June 30, 2026, values Clevertech at approximately €800 million and represents a complete equity takeout from REFA, the holding company of the Reggiani Family, the company's founding owners.
Under the agreement, CVC Capital Partners will acquire 100% of Clevertech's share capital. The transaction is positioned as a strategic investment that will enable the company to accelerate its global growth trajectory, expand its international operations, and fund capital investments in innovation and technology development. The deal reflects CVC's continued focus on European industrial automation assets as part of its broader investment strategy in the manufacturing and systems technology sector.
Gareth Eagles, partner and Co-Head of White & Case's Global Private Capital Industry Group, noted that the engagement demonstrates institutional confidence in the firm's capabilities on high-profile European leveraged finance transactions. The White & Case team executing the financing advice comprised partners Eagles and Emma Foster based in London, Milan-based partner Stefano Bellani, and associates Dhruv Bhatia, Silvia Kaur Gill, and Fern Anderson in London, alongside Nicola Tosin in Milan. The multi-jurisdictional team structure reflects the cross-border nature of the financing arrangement and the transaction's complexity.
The engagement underscores continued institutional investor activity in European industrial automation, a sector benefiting from ongoing automation trends and digital transformation initiatives across manufacturing and logistics industries.
Under the agreement, CVC Capital Partners will acquire 100% of Clevertech's share capital. The transaction is positioned as a strategic investment that will enable the company to accelerate its global growth trajectory, expand its international operations, and fund capital investments in innovation and technology development. The deal reflects CVC's continued focus on European industrial automation assets as part of its broader investment strategy in the manufacturing and systems technology sector.
Gareth Eagles, partner and Co-Head of White & Case's Global Private Capital Industry Group, noted that the engagement demonstrates institutional confidence in the firm's capabilities on high-profile European leveraged finance transactions. The White & Case team executing the financing advice comprised partners Eagles and Emma Foster based in London, Milan-based partner Stefano Bellani, and associates Dhruv Bhatia, Silvia Kaur Gill, and Fern Anderson in London, alongside Nicola Tosin in Milan. The multi-jurisdictional team structure reflects the cross-border nature of the financing arrangement and the transaction's complexity.
The engagement underscores continued institutional investor activity in European industrial automation, a sector benefiting from ongoing automation trends and digital transformation initiatives across manufacturing and logistics industries.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.