In September 2005, CVC Funds co-led the acquisition of Chevrillon Philippe Industrie (‘CPI’), the world’s largest monochrome book manufacturer, printing two million books daily in five countries. The company was established in 1996 and is now a world leader with dominant positions in several markets including the Netherlands, Germany and France.

CPI includes many of Europe’s established book manufacturing companies such as Firmin Didot, Clausen & Bosse, Koninklijke Wohrmann and Mackays, together with younger companies, like Antony Rowe and Bookmarque, which have gained a reputation for innovation, specialist services and consistent quality.

Since 2005, the company has successfully acquired six companies, the largest acquisitions being Aubin (France) and Fulmar (UK).

Year of investment



Monochrome book manufacturing