Verescence

Investment date: May-25
Status: In Portfolio

 

Acquisition of French company Verescence is the largest investment ever undertaken by a Portuguese private equity firm

Draycott’s new acquisition consolidates the asset manager’s international growth, with two cross-border investments totaling €720 million in less than a year.

 

Following the entry of Purever in 2024, Draycott, a diversified alternative asset manager that combines private capital with selected family wealth, has now made a second international investment in less than a year by acquiring Verescence, a global leader in glass packaging for the luxury beauty and cosmetics sector. The €490 million transaction represents the largest investment undertaken by a Portuguese private equity firm, according to TTR Data.

With an industrial presence in Europe, North America, and Asia-Pacific, Verescence holds a global market share of approximately 21%. A strategic partner of brands such as Chanel, LVMH, Hermès, and L’Oréal, the company combines over 130 years of experience with innovation, technical excellence, and a commitment to sustainability, offering a differentiated portfolio of decorated and patented solutions.

Seen as a unique investment opportunity in a global market leader, Draycott is now preparing to support Verescence’s next phase of growth by leveraging its expertise in operational efficiency, strategic portfolio evolution, and sustainability leadership. At a time when the luxury segment is growing at an annual rate of 6.7% (CAGR 2023–2028), the deal — jointly led by Draycott and Movendo Capital — presents a highly attractive return profile, consolidating the asset manager’s strategy of focusing on premium sectors, with leading assets, and a highly disciplined global approach.

“This transaction reflects the core of what we do at Draycott: identify globally differentiated assets in segments with long-term tailwinds and execute high-impact investments with precision. Leading the execution of a transaction of this dimension — across jurisdictions, stakeholders, and timelines — reinforces the strength and discipline of our team”, adds Vanessa Moura Brás, investment partner at Draycott.

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In 2024, Draycott’s private equity unit consolidated its position as the most active Portuguese investor, leading both in capital invested — over €300 million involved — and in the number of transactions completed — a total of nine — according to TTR Data. With diversified and proven knowledge and experience in private equity, real estate, and venture capital, this landmark acquisition reinforces Draycott’s ambition in the Portuguese market and beyond.

“Verescence represents far more than a transaction — it is a statement of Draycott’s ambition to become a relevant player. It is a transaction that elevates the role of local players on the international stage, reflecting our ability to originate and structure complex cross-border investments. We approach each opportunity with creativity, flexibility, and deep alignment — always focused on building long-term value”, says João Coelho Borges, founding partner at Draycott.

This investment marks a new milestone in the history of Portuguese private equity, demonstrating that Portuguese funds are ready to lead large-scale transactions in a highly competitive and demanding sector.

 

WEBSITE

Verescence

Investment date: May-25
Status: In Portfolio

 

Acquisition of French company Verescence is the largest investment ever led by a Portuguese private equity firm

Draycott’s new acquisition consolidates the asset manager’s international growth, with two cross-border investments totaling €720 million in less than a year.

 

Following the entry of Purever in 2024, Draycott, a diversified alternative asset manager that combines private capital with selected family wealth, has now made a second international investment in less than a year by acquiring Verescence, a global leader in glass packaging for the luxury beauty and cosmetics sector. The €490 million transaction represents the largest investment led by a Portuguese private equity firm, according to TTR Data.

With an industrial presence in Europe, North America, and Asia-Pacific, Verescence holds a global market share of approximately 21%. A strategic partner of brands such as Chanel, LVMH, Hermès, and L’Oréal, the company combines over 130 years of experience with innovation, technical excellence, and a commitment to sustainability, offering a differentiated portfolio of decorated and patented solutions.

Seen as a unique investment opportunity in a global market leader, Draycott is now preparing to support Verescence’s next phase of growth by leveraging its expertise in operational efficiency, strategic portfolio evolution, and sustainability leadership. At a time when the luxury segment is growing at an annual rate of 6.7% (CAGR 2023–2028), the deal,— jointly led by Draycott and Movendo Capital —, presents a highly attractive return profile, consolidating the asset manager’s strategy of focusing on premium sectors, with leading assets, and a highly disciplined global approach.

“This transaction reflects the core of what we do at Draycott: identify globally differentiated assets in segments with long-term tailwinds and execute high-impact investments with precision. Leading the execution of a transaction of this dimension — across jurisdictions, stakeholders, and timelines — reinforces the strength and discipline of our team”, adds Vanessa Moura Brás, investment partner at Draycott.

In 2024, Draycott’s private equity unit consolidated its position as the most active Portuguese investor, leading both in capital invested — over €300 million involved — and in the number of transactions completed — a total of nine — according to TTR Data. With diversified and proven knowledge and experience in private equity, real estate, and venture capital, this landmark acquisition reinforces Draycott’s ambition in the Portuguese market and beyond.

“Verescence represents far more than a transaction — it is a statement of Draycott’s ambition to become a relevant player. It is a transaction that elevates the role of local players on the international stage, reflecting our ability to originate and structure complex cross-border investments. We approach each opportunity with creativity, flexibility, and deep alignment — always focused on building long-term value”, says João Coelho Borges, founding partner at Draycott.

This investment marks a new milestone in the history of Portuguese private equity, demonstrating that Portuguese funds are ready to lead large-scale transactions in a highly competitive and demanding sector.

 

WEBSITE

Verescence

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