CVC Capital Partners has received a binding offer from Sika, a Switzerland-based speciality chemicals company, for Parex, a France-headquartered dry-mix building materials maker, valuing it at $2.55bn (CHF 2.5bn).
Renaud Tourmente will join as partner and be part of Capzanine's executive committee
Hitzinger was undergoing self-administration before the consortium acquired the company
Graftys sells products in 25 countries and plans to penetrate new markets with the funding
US pension has targeted $80m for new private markets commitments through the rest of 2019