No comment says Avolta on Sky News story of touted CVC Capital Partners £6 billion takeover bid
“We don’t comment on market rumours.” That was the response from Avolta this morning (7 May) to The Moodie Davitt Report when asked about a Sky News report earlier today claiming CVC Capital Partners is weighing a £6 billion (US$8 billion) takeover bid.
INTERNATIONAL. “We don’t comment on market rumours.” That was the response from Avolta this morning (7 May) to The Moodie Davitt Report when asked about a Sky News report earlier today claiming CVC Capital Partners is weighing a £6 billion (US$8 billion) takeover bid.
The Moodie Davitt Report has also approached CVC, a leading global private markets manager, for comment.
CVC is focused on private equity, secondaries, credit and infrastructure with a global network of 30 local offices and €200 billion (US$267 billion) of assets under management.
Sky News said it had learnt that CVC is at the early stages of considering an offer for Swiss Stock Exchange-listed Avolta.
“Any takeover proposal could be made in conjunction with the billionaire Benetton family, which holds a large minority stake in the company following the merger of Autogrill and Dufry in 2023,” it wrote.
The report continued: “Sources close to the situation said it was far from certain that CVC would make a formal approach to take Avolta private. They added that it was also not clear whether members of the Benetton family would participate in any deal.
“Alessandro Benetton, a former Autogrill board member, serves as Avolta’s Honorary Chairman.” 
