Astorg Partners is acquiring the complete stake of specialist bottle-maker, Saverglass, AltAssets reports. The French private equity firm will pay a total of about €350 million for the acquisition.

The seller of the wines, spirits and perfume bottles manufacturer is Nixen Partners, a subsidiary of Axa Private Equity. The deal comes after the buyer closed its latest European mid-market fund on €1.05 billion, which was launched in September 2010.

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