A consortium comprised of Movendo Capital & Draycott, two investment holding companies and family offices, have entered into exclusive negotiations with majority shareholder Stirling Square Capital Partners to acquire 100% stake of Verescence.WHO: Headquartered in Paris, France, Verescence is the global leader in glass bottle manufacturing for the perfumery and cosmetics industry and has a production capacity of 600 million bottles per year. Verescence supplies its customers with glass through high-quality, environmentally friendly, and innovative solutions. The company has over 120 years of glass expertise and a unique geographical footprint (four glass production sites and five finishing sites in France, Spain, the United States, and South Korea), making it the partner of choice for the world’s largest beauty market players.Stirling Square Capital Partners was founded in 2002 as a pan-European private equity firm specializing in internationalizing mid-market businesses with an enterprise value between EUR 100 million and EUR 500 million. The firm manages over EUR 3 billion on behalf of a global and diverse investor base.Movendo Capital is owned by Sociedade Francisco Manuel dos Santos, a fourth-generation family holding that is owned by Portuguese family shareholders with a range of investments in different areas, namely, distribution, manufacturing, agrifood, specialized retail, citizenship, and environment. The investment company is based in the Netherlands and operating in Europe and the United States.