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EY advises Stirling Square Capital on Verescence acquisition

EY has announced it has advised private equity firm Stirling Square Capital Partners on the acquisition of glass bottle manufacturer Verescence.

The glass bottle manufacturer has three production centres in Spain, France and the US, with the company manufacturing perfume bottles for the cosmetics industry.

Stirling Square Capital Partners has acquired the company from Oaktree Capital Management.

Verescence employed 2,300 people worldwide in 2018, with total sales of €305m (£264m), while Stirling Square Capital Partners has more than €2bn (£1.73m) of assets under management.

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