Lovells has advised Cinven and CVC Capital Partners on the acquisition of one of Europe’s largest cardboard box manufacturers in further evidence of the development of a pan-European private equity market.

The City firm was instructed by Kappa Packaging, a company formed by the two venture capital houses in October last year, on the acquisition of the Swedish packaging business AssiDoman. The deal was signed at the beginning of March, valued at e1.1bn (£660m).