The Innovia Group has been acquired by Arle Capital from the Candover 2001 Fund for ?498 million, with funds raised from a syndicate of new investors. This means ownership of the packaging films specialist remains with funds managed by the same international private equity company. David Beeby, Innovia's CEO, states "We are delighted that we will be partnering again with Arle, who have worked closely alongside us since 2009. They share our vision for the future and will continue to support new investment in both the Films and Security businesses moving forward."
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