PAI Partners to Acquire Pasubio from CVC Capital Partners

June 23, 2021

PAI Partners has agreed to acquire Pasubio, a Vicenza-based specialist in premium automotive leather, from CVC Capital Partners VI. Pasubio employs around 1,000 people, operates six facilities across Europe and North America, and supplies premium OEMs; PAI plans to support further consolidation of the fragmented automotive leather market and diversify Pasubio's interior-materials offering. The deal is expected to close in October 2021 and financial terms were not disclosed.

Buyers
PAI Partners
Targets
Pasubio
Sellers
CVC Capital Partners VI
Industry
Manufacturing
Location
Veneto, Italy
Transaction Type
Buyout

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