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."