French buyout firm Ardian and Canadian asset manager Caisse de Dépôt et Placement du Québec (CDPQ) have entered into exclusive talks to back the SBO of airport equipment producer Alvest.
Buyout reportedly values the pharmaceutical glass packaging producer at around €900m
Vehicle will co-invest in European tech scale-ups alongside the venture capital funds in which it is invested
Procuritas will become the majority shareholder, while the founders of the companies will have a significant minority ownership of the merged entity
ProFounders Capital scores 25x money on the listing; other investors include Partech