Vision Capital acquires portfolio from Banco Popolare

The acquisition includes a substantial majority stake in glass and packaging manufacturer Bormioli Rocco. JP Morgan provided financing for the acquisition of Bormioli, while BNP Paribas acted as financial adviser to Vision Capital.

Vision Capital will appoint Paolo Antonietti as chairman of Bormioli when the transaction is completed. Banco Popolare will now be able to focus on its core retail and corporate banking activities after the disposal of the portfolio.

Bormioli was established in 1825 and is a producer of glassware and packaging containers for home and professional use. In 2010 the company generated sales of €531m and EBITDA of €85m.

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• Topics
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• Vision Capital
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