Lindsay Goldberg takes majority stake in Paccor

GERMANY Chemicals & Materials / Packaging & Containers / Plastic Packaging EV €500M–1.5bn

Context

Lindsay Goldberg has acquired the "Global Rigid" division of Coveris Holdings S.A. Coveris, owned by Sun Capital Partners, sold this division as part of a broader deleveraging strategy (simultaneously selling its Americas division). The Rigid business will be separated from the Flexible business and operate as a standalone entity (later rebranded PACCOR). The deal followed a competitive auction where Ardian and Triton were underbidders.

Paccor, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

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Target

Headquartered in Zell, Germany, Coveris Global Rigid is a leading European manufacturer of rigid packaging solutions for the consumer goods and food service sectors. The company produces plastic and paper cups, containers, lids, and trays (e.g., for yogurt, cream cheese, coffee).

Ent. Value

€500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2017

2016

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REFERENCES

Valuation range: EV €500M–1.5bn

Revenue range: €450–900M

EBITDA range: €50–100M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Paccor by Lindsay Goldberg are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: lindsay goldberg

FAQ

What transaction does this page cover?

This page covers the acquisition of a majority stake in Paccor, a German company specialised in Packaging & Containers, by Lindsay Goldberg in 2018, structured as a leveraged buyout (LBO).

How was the acquisition of Paccor by Lindsay Goldberg valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €500M–1.5bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Paccor’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Paccor generated annual revenue estimated in the €450–900M range and EBITDA in the €50–100M bracket (FY 2017). Detailed financial figures are available to members.

How does the valuation of Paccor compare to benchmarks in the Industry & Manufacturing sector?

With an estimated valuation multiple in the range of 5x - 12x in 2018, the transaction reflects historical valuation standards. By way of comparison, in 2026 companies in the Industry & Manufacturing sector are valued at a multiple of 11.7x EBITDA.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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