CVC Capital Partners and Nordic Capital are in early talks to exit their joint investment in Cary Group, a European vehicle glass repair platform, with a potential valuation exceeding €3 billion, according to Bloomberg sources.

Cary Group operates across seven European markets, offering repair services for car glass and related automotive solutions. The firms acquired the company privately in 2022 for $889 million, positioning it for expansion before exploring a sale or IPO. This development underscores ongoing private equity activity in the automotive services sector, where scalable, cross-border platforms attract significant investor interest.

While discussions remain preliminary, the potential exit reflects broader consolidation trends in vehicle glass repair, with other assets in the sector also under evaluation. The process highlights how private equity firms are seeking high-value exits for strategically positioned European businesses, though no transaction is guaranteed.

This move could signal increased competition for similar automotive service platforms as investors seek growth opportunities in specialized industrial services.