CVC and Charterhouse mull Ista exit

The deal could reportedly be worth up to €3bn.

Both Goldman and Deutsche ran the auction process during which CVC Capital Partners and Charterhouse Capital Partners acquired the business in April 2007. The deal was valued at €2.4bn including debt, which was provided by Mizhuo Corporate Bank.

While Charterhouse holds a majority stake, CVC holds a minority stake that was acquired following its initial exit in April 2007. The stake was acquired using the proceeds from the exit.

CVC first acquired Ista in June 2003 from Viterra AG, a subsidiary of utility group E.ON, again in an auction ran by Goldman Sachs. At the time of the transaction, Ista was valued at €845m. CIBC World Markets, HypoVereinsbank and Goldman Sachs provided debt for the deal.

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• Topics
• DACH
• Industrials
• Exits
• Goldman Sachs
• CVC Capital Partners
• Charterhouse Capital Partners
• Deutsche Bank
• Germany
• Bayerische Hypo- und Vereinsbank