CVC Capital Partners (CVC) announced that an investor group led by Apollo-managed funds (Apollo) is acquiring a 37 percent minority stake in Syntegon from CVC. Based on Syntegon's outstanding development, CVC is reaffirming its commitment and maintaining its majority shareholding with the remaining 63 percent of shares.

Speaking in this regard, Marc Strobel, Chairman – Supervisory Board, Syntegon, and Partner, CVC, said, "The team around CEO Torsten Türling has done an outstanding job establishing the company as a leading provider in highly regulated and technologically complex markets. Bringing on board a minority shareholder offers the best conditions to further accelerate Syntegon's growth globally. We have great confidence in the company’s long-term prospects and its significant potential within a market characterised by strong structural growth. We are delighted to welcome Apollo as a new partner."

The transaction marks the starting point for the next growth phase. At the same time, it underscores CVC's approach of driving sustainable, positive company development through long-term, partnership-based commitment and the targeted selection of strategic co-investors. The team at Apollo shares the strategic vision of CVC and Syntegon and strengthens the proven partnership with new momentum and local expertise for the important North American market.

Torsten Türling, CEO, Syntegon, said, "This transaction marks a milestone for Syntegon. CVC remains the ideal partner for us and we are pleased to continue our successful collaboration. At the same time, we are gaining valuable new momentum with Apollo. Our current position is the result of an outstanding performance of our global team. In recent years, we have expanded our product portfolio with outstanding innovations while improving our operational excellence. Today, we are the leading strategic partner for our customers and serve the industry's largest installed base of approximately 72,000 technically highly complex systems."

In the next growth phase, Syntegon aims to gain further share in mission-critical and largely non-cyclical growing end markets. A focus is on the expansion in the USA, where Apollo's strong expertise will provide new momentum. In addition, the enormous service potential of the world's largest installed system base is to be systematically unlocked.

Jeremy Honeth, Partner, Hybrid Value, Apollo, commented, "Syntegon has established itself as a technology leader at the heart of mission-critical pharma, biotech and food supply chains. Together with CVC and management, we see a clear path to continue this strong growth trajectory, particularly in North America, and we are excited to support Syntegon in this next phase of its development."