08 Nov Deal of the month: Clairfield advises Olivotto Glass Technologies on its sale to Chinese listed company
Olivotto Glass Technologies S.p.A., an Italian company active in the design, engineering, and sale of machines and plants for the manufacturing of hollow glass items was sold to the Chinese listed group China Glass Holdings Limited (HK:3300).
Founded in 1946 with headquarters in Avigliana, Olivotto Glass Technologies is the worldwide leader in the design, engineering, production, and sale of machines and plants for the manufacturing of non-bottle hollow glass items such as tableware, light bulbs, glass tubes, and vials. In 2011 the Italian private equity fund Star Capital acquired 70% of the company.
Founded in 2004 with headquarters in Beijing, China Glass Holdings is one of the most important producers of flat glass for the construction industry in China. The group, listed since 2005 on the Hong Kong Stock Exchange, is part of the listed group China National Building Materials Group Corporation (Lenovo Holdings), which employs over 5,000 people in China and in 2017 achieved revenues of more than EUR 335 million.
Clairfield International in Italy acted as exclusive financial advisor to Star Capital.
Read more here: 2018.11 Clairfield deal of the month Olivotto