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Pemberton supports CVC Fund’s acquisition of Neolith

Pemberton, an alternative credit specialist, has provided financing to support global asset management firm CVC Fund’s acquisition of Neolith, a specialist in the design and production of sintered stone services serving multiple end-markets.

Founded in 2009 and headquartered in Castellon, Spain, serves multiple end-markets, including bathrooms, wall claddings, furniture, floorings, facades and with a particular focus on high-end kitchens. Neolith has strong sustainability credentials, with its products being plastic-free and fully recyclable. The company is applying for B-Corp status in 2022.

Pemberton has financed Neolith since September 2019, when it supported independently managed investment company InvestIndustrial’s acquisition of the company.
 
The transaction marks Pemberton’s first deal with CVC Funds, which purchased Neolith after InvestIndustrial put the company up for sale earlier this year. Pemberton supported the financing through its European Mid-Market Debt Fund. 

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