Funds advised by CVC Capital Partners ("CVC") today announce the agreement with Reggeborgh on the final sale and exit of CVC's remaining stake in VolkerWessels, the leading Dutch building and construction conglomerate.
Reggeborgh is the holding company of the Wessels family, currently co-shareholder in VolkerWessels. Late last year, CVC had already sold a first part of its original interest in VolkerWessels to Reggeborgh.
Henry Holterman, on behalf of the Wessels family, commented: "Our confidence in the company, the management and staff is the reason we have taken this step".
Rolly van Rappard, Co-Chairman of CVC Capital Partners, said: "We are pleased to announce this transaction today and would like to thank the Wessels family and VolkerWessels management for the constructive cooperation over the last six years."
CVC agrees sale of D-Marin, the leading premium marina operator in the EMEA region to InfraVia Capital Partners
The Reggiani Family chooses CVC to accelerate Clevertech’s global expansion
Republic Finance agrees to be acquired by a J.C. Flowers-led investor group
IFF Enters Into Agreement to Sell Its Food Ingredients Business to CVC
Blackstone to acquire Skroutz, Greece's leading online marketplace, from CVC
CVC welcomes Apollo as minority investor in Syntegon: partnership to accelerate next growth phase