Glassmaker Verescence Sold by Stirling Square in Multimillion-Euro Deal

MADRID, 29 (EUROPA PRESS) The Portuguese venture capital firm Draycott has announced the acquisition of the French company Verescence, dedicated to glass packaging for the luxury beauty and cosmetics segment, in an operation valued at 490 million euros. The entity has highlighted in a statement that, according to data [...] La entrada The Portuguese firm Draycott acquires Verescence in an operation of 490 million aparece primero en Forbes España.

Glassmaker Verescence sold by Stirling Square in multimillion-euro deal

A consortium of investment firms have taken over the 130-year-old French manufacturer which supplies Chanel, L’Oréal and LVMH

Stirling Square exits Verescence to Movendo, Draycott

Stirling Square Capital Partners has completed the sale of Verescence, a leading French manufacturer of glass packaging for the perfumery and cosmetics industry, to Movendo Capital and asset manager Draycott. The transaction marks a successful exit for Stirling Square’s Fourth Fund, which initially acquired Verescence in 2019. During its ownership, Stirling Square supported a strategic investment programme of over €100m aimed at increasing produ…