CVC Capital Partners Ltd. fund CVC Growth Partners II LP agreed to invest approximately $200 million in EcoVadis SAS, a sustainability ratings provider for global supply chains.
The funds will be used to scale the company globally and ingrain sustainability, fair labor practices and ethics into enterprise supply chains and business commerce.
The transaction is expected to close in the first quarter, following regulatory approvals.
CVC's managing partner John Clark, Aaron Dupuis and Sebastian Kuenne will join EcoVadis' board of directors.
GP Bullhound was financial adviser to EcoVadis and its shareholders.
Goldman Sachs was financial adviser to CVC.