CVC and Cinven bid for Italian dessert ingredients firm IRCA
CVC and Cinven are bidding for Italian dessert maker IRCA. The deal could reach 3 billion euros as investors gauge buyout appetite during market volatility.
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CVC and Cinven submitted bids for Italy-based dessert maker IRCA that could value the firm at €3B. The deal would triple IRCA's valuation from the €1B price tag Advent International paid in 2022. This sale tests private equity appetite for large consumer-sector buyouts amid market volatility.
