CVC Capital Partners has confirmed that it is considering a takeover of the listed Austrian steel group Böhler Uddeholm. Rumours suggested that the financial investor was already in negotiations to purchase the near 21 per cent strategic holding owned by a pool of local investors, that have until now made the Austrian group takeover-proof. CVC has declined to give further indications on any potential offer price, but stated it would be in line with the Austrian group’s results and share price development over recent months.
GP also announced the refinancing of online gardening retailer YouGardem, scoring a 60% cost return
CDP Venture and Tim Ventures take part in the round, alongside Club Digital and Club Italia Investimenti 2
Deal is the second from Bid Equity II, which held a close in November 2019 and targets B2B software
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round