The Reggiani Family and CVC Capital Partners ("CVC"), a leading international private equity investor, announce that they have agreed to make a strategic investment in Clevertech, an Italian group and global leader in industrial automation solutions. The transaction will support the company’s next phase of international growth and aim to further strengthen its market leadership.
Founded in 1987 and headquartered in Cadelbosco di Sopra (Reggio Emilia), at the heart of Italy’s “Packaging Valley”, Clevertech Group is a leading global partner in the design and manufacturing of advanced industrial automated packaging systems. With revenues of €236 million and EBITDA of more than €70 million in 2025, and a team of over 450 specialised professionals, the Group operates internationally, bringing Italian engineering excellence to some of the world’s most advanced markets.
The transaction will see CVC acquire 100% of the share capital of Clevertech S.p.A. from REFA S.r.l. ("REFA"), the Reggiani Family holding, while REFA will reinvest alongside CVC as a minority shareholder, ensuring full continuity in the management of the business and execution of the Group’s strategy.
Engineer Giuseppe Reggiani, founder of the Group, will remain Chairman and Chief Executive Officer. Umberto Reggiani will continue in his role as Chief Sales Director, Enrico Reggiani as Chief Financial Director, and Simone Cervi as Chief Technology Officer. The continued involvement of the current management team will be an important factor in supporting the Group’s next phase of development alongside its employees, customers and business partners.
The agreement with CVC will enable Clevertech to accelerate its growth, support its international expansion and make investments in innovation, all aimed at strengthening its leadership position in its target markets.
Completion of the transaction is expected by the end of 2026, subject to the receipt of customary regulatory approvals. CVC will invest in Clevertech through CVC Capital Partners IX.
Giuseppe Reggiani, founder and Chairman of Clevertech S.p.A., commented: “Our family believes it is essential to provide our management team, employees and long-standing partners with the resources needed to consolidate and accelerate Clevertech Group’s growth. In CVC, we have found the ideal partner to help us address the new challenges of the market. My family’s commitment continues with even greater enthusiasm and additional resources to foster the drive for innovation that has always distinguished us.”
We are proud to invest in Clevertech Group, a global leader in industrial automation, and are excited to support the Reggiani family in its investment plans and international development.
Giorgio De Palma Partner at CVC
Giorgio De Palma, Partner at CVC, commented: “We are proud to invest in Clevertech Group, a global leader in industrial automation, and are excited to support the Reggiani family in its investment plans and international development. Our goal is to help the Group continue delivering increasingly innovative and technologically advanced solutions to its customers, which are leading companies in their respective industries.”
REFA was advised by J.P. Morgan (Lead M&A Advisor), Baldi Finance (Financial and ESG) and Baldi Prati & Partners (Legal and Tax).
CVC was advised by UBS (M&A), Bain & Company (Commercial), EY (Financial and Tax), Cleary Gottlieb (Legal), FRM (Tax), Latham & Watkins (Antitrust), and Dabster and dss (ESG).