Shearman & Sterling advised CVC Capital Partners on the acquisition by its CVC Fund VI of Pasubio, a specialised provider of premium leather for the automotive industry, from the Pretto family. The family will retain a minority shareholding in the company.

Pasubio is a leading leather solution provider for the interiors of the premium and luxury segment of the automotive industry. Its clients include Jaguar Land Rover Group, Volkswagen Group (Porsche, Lamborghini, Bentley and Skoda), FCA Group (Maserati and Alfa Romeo), BMW and PSA.

CVC Capital Partners manages capital on behalf of over 300 institutional, governmental and private investors worldwide.  CVC has completed over 300 investments in a wide range of industries and countries across the globe. Today, CVC's funds are invested in 50 companies worldwide which employ over 350,000 people and generate combined annual sales of approximately US$100 billion.

The Shearman & Sterling team was led by partner Fabio Fauceglia (Mergers & Acquisitions-Milan) who was supported by counsel Emanuele Trucco (Capital Markets-Milan) and Alessandro Salvador (Litigation-Milan), and associates Giovanni Cirelli, Carmelo Contente, Leonardo Pinta (all Mergers & Acquisitions-Rome), and Bruno Guido Visentini (Litigation-Milan).