P+P advises Bosch management on sale of packaging machine division to CVC Capital

The financial investor CVC Capital Partners acquires production of packaging machinery from Bosch. Robert Bosch Packaging Technology merged into a newly incorporated entity managed by the private equity firm CVC. The purchase price remains confidential. Media reports recently estimated the division would be sold for a price of approximately EUR 850 million.

Bosch's packaging division manufactures machinery for the food and pharmaceutical industries. Almost 6,100 people are employed in more than 30 locations in 15+ countries; almost half of them work in Germany. Headquartered in Waiblingen, the division recently most realized a turnover of approximately EUR 1.35 billion.

The investor CVC is headquartered in Luxembourg. According to the company's own statement, it manages capital in the amount of more than EUR 67 billion and currently owns shares in approximately 300 companies. It has 24 offices in Europe, Asia and the U.S. and employs a total of approximately 500 people.

P+P Pöllath + Partners advised the management of Bosch Packaging Technology with regard to the management participation with the following team:

• Dr. Benedikt Hohaus (partner, management participation)
• Dr. Roman Stenzel (counsel, management participation, both Munich)