Ashurst advised Caravelle on the acquisition by Luxempart of a minority stake of c. 26% in the Kestrel Vision Group, a global major player in the development of machine vision-based quality control and inspection solutions for the rigid packaging industry.
The transaction still remains subject to standard regulatory approvals and is expected to close in March 2023.
Caravelle invested in Kestrel Vision in 2017 and has supported its growth, helping the group to undertake a number of strategic acquisitions to further strengthen its market position.
Kestrel Vision mainly operates in the food and beverage, pharmaceutical and cosmetics sectors. The group realizes worldwide sales in excess of €260 million and an EBITDA in excess of €40 million.
The Ashurst Paris team was led by Corporate Partner François Hellot, assisted by Corporate Counsel Isaure Sander, Senior Associate Sylvain Kabeya, Associate Alexandra Ber and Associate Louis Rainguenet, Tax Partner Emmanuelle Pontnau-Faure and Senior Associate Solène Guyon, Competition Partner Christophe Lemaire and Senior Associate Guillaume Vatin, Finance Partner Pierre Roux and Associate Arnaud Conquis, Employment Partner Muriel Pariente and Associate Keren Aboukrat and Compliance Partner Olivier Dorgans and Senior Associate Camille Mayet.
