CVC said May 27 that it agreed to sell 4.5 million shares of Univar Inc to Longview Asset Management. Financial terms weren’t announced. Seattle-based Univar distributes industrial and specialty chemicals.
NEW YORK and LONDON, May 27, 2016 /PRNewswire/ — CVC Capital Partners (“CVC”), announced today that Univar N.V., an investment vehicle managed by CVC and indirectly owned by funds advised by CVC and certain other co-investors, has agreed to sell 4.5 million shares of common stock (the “Shares”) of Univar Inc. (the “Company”) to affiliates of Longview Asset Management. CVC anticipates that the sale will close on June 3, 2016, subject to satisfaction of certain conditions.
The Shares were offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended (the “Securities Act”). The Shares have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
About CVC Capital Partners
CVC Capital Partners is one of the world’s leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 24 offices and over 300 employees throughout the U.S., Europe, Asia, and South America. To date, CVC has secured commitments of over US$79 billion in funds from a diverse and loyal investor base, completing over 300 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of over US$120 billion. For more information please visit www.cvc.com.
SOURCE CVC Capital Partners