Mergers & AcquisitionsMedium•9 November 2026•
1 min read
CVC-led Consortium Secures €7.58bn for Recordati Take-Private
Key Facts
1A consortium led by CVC Capital Partners secured a record €7.58bn financing package to support the take-private of Recordati.
2The package includes a €6.05bn bond bridge offering and a €1.1bn guarantee facility.
3This transaction represents the largest leveraged buyout announced in Europe so far in 2026.
A consortium led by CVC Capital Partners secured a €7.58 billion financing package to support the take-private of Recordati. Investors in Healthcare reported that the package includes a €6.05 billion bond bridge offering and a €1.1 billion guarantee facility. This transaction represents the largest leveraged buyout announced in Europe so far in 2026.
The financing is intended to fund the leveraged buyout and privatization of the Italian pharmaceutical firm Recordati, indicating strong credit market appetite for major healthcare sector deals. Regarding Italian economic context, data released on November 5, 2026, showed annual retail sales grew by 1.6%, exceeding the 1.1% forecast.