Astorg has entered into exclusive negotiations to become the new majority shareholder of Corialis, a leading European designer and manufacturer of aluminium systems for windows and doors, from CVC Capital Partners Fund VI. Founded in 1984 and headquartered in Belgium, Corialis employs c. 2,700 people across eight sites in the UK, Belgium, France, Poland, Portugal, La Reunion, Serbia and South Africa.
Corialis’ management will reinvest a significant part of their proceeds alongside Astorg.
The Karanovic & Partners team, led by Partner Miloš Jakovljević and Senior Associate Sava Drača, working together with Clifford Chance, has advised the Coralis’ management on Serbian aspects of this transaction.
* Partner and Senior Associate refer to Independent Attorney at Law in cooperation with Karanovic & Partners