[Italy] Opera Leads Vetrerie Riunite Buyout

Opera has led the acquisition of glass manufacturer Vetrerie Riunite alongside private equity operator DGPA. The investors have acquired 52% and 24% stakes respectively. The remaining 24% is held by the vendors who reinvested in the company. The financing of the deal was structured and provided by the Popolare di Verona SGeSP. The company was founded in 1905 and specialises in the manufacturing of glass for home appliances, lightning, perfume containers and optics among other things. It currently has facilities in Italy, Austria and Bulgaria and reported a turnover of EUR 90m in 2007.