Hempel officially closed its strategic partnership deal with CVC Funds. The Hempel Foundation, in agreement with the Hempel A/S Board of Directors, invited CVC Funds to become a minority investor in May of 2024. The transaction is complete, and the minority investment has received all relevant regulatory approvals from authorities.
“We are excited to partner with the Hempel Foundation and Hempel’s CEO Michael Hansen and his team and look forward to supporting Hempel with CVC Funds’ capital and experience to help them achieve their growth ambitions.” Michael Lavrysen, partner at CVC, commented.
“CVC Strategic Opportunities invests in high-quality businesses with longer growth horizons, often partnering with likeminded families and foundations looking for specific expertise to advance expansion. Our investment in Hempel aligns perfectly within this strategy, especially the partnership with the Hempel Foundation and we are eager to begin to leverage CVC’s expertise to support the continued success of this world-class business.”
The Hempel Foundation remains the majority shareholder in Hempel A/S.