At what enterprise value was PACCOR (COVERIS GLOBAL RIGID) acquired in 2018?

During the acquisition of PACCOR (COVERIS GLOBAL RIGID) by LINDSAY GOLDBERG in 2018, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of PACCOR (COVERIS GLOBAL RIGID) when it was acquired by LINDSAY GOLDBERG?

The estimated EV/EBITDA multiple for PACCOR (COVERIS GLOBAL RIGID) is in the range of 5x - 12x.

What was the revenue of PACCOR (COVERIS GLOBAL RIGID) at the time of the deal?

The revenue of PACCOR (COVERIS GLOBAL RIGID) at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of PACCOR (COVERIS GLOBAL RIGID) during the acquisition?

PACCOR (COVERIS GLOBAL RIGID)'s EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the PACCOR (COVERIS GLOBAL RIGID) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the PACCOR (COVERIS GLOBAL RIGID) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.unquote.com/dach/official-record/3009705/lindsay-goldberg-buys-coveris-global-rigid-for-eur700m

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Home Database Industry & ManufacturingPACCOR (COVERIS GLOBAL RIGID)

05/2018

PACCOR (COVERIS GLOBAL RIGID) acquired by LINDSAY GOLDBERG

GERMANY Chemicals & Materials / Packaging & Containers / Plastic Packaging EV 500M - 1.5b EUR

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 (COVERIS GLOBAL RIGID), which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

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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).

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Similar deals in Chemicals & Materials

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2018	ARCADIA	CASTELLO ITALIA	ITALY	Plastics
07/2018	MESSER GROUP / CVC	LINDE GASES	UNITED STATES	Specialty Chemicals
05/2018	APTARGROUP	REBOUL	FRANCE	Metal Packaging
03/2018	MICHELIN	FENNER	UNITED KINGDOM	Plastics
03/2018	THE CARLYLE GROUP / GIC	NOURYON	NETHERLANDS	Specialty Chemicals
02/2018	ALLIANCE ETIQUETTES	GROUPE ETIENNE	FRANCE	Labels & Adhesives
12/2017	BAIN CAPITAL	FEDRIGONI GROUP	ITALY	Labels & Adhesives
10/2017	PPG	THE CROWN GROUP	UNITED STATES	Paints & Coatings
10/2017	BC PARTNERS	CERAMTEC	GERMANY	Glass & Ceramics
10/2017	MULTI-COLOR CORPORATION (MCC)	CONSTANTIA FLEXIBLES - LABELS DIVISION	AUSTRIA	Labels & Adhesives

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PACCOR (COVERIS GLOBAL RIGID) 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