POPLAST acquired by GREEN ARROW CAPITAL
Context
Green Arrow Capital has acquired a majority stake in Poplast from Eos Investment Management (which held 86.5%) and minority operating partners. The management team, including Carlo Callegari and Pierangelo Fantoni, has reinvested in the company. The deal values the company at over EUR110 million. The acquisition aims to create a "Green Packaging" pole by aggregating other companies in the flexible packaging sector that focus on recyclable and compostable materials. The transaction was financed by Credit Agricole Italia and Deutsche Bank.
POPLAST, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Industry & Manufacturing sector (11.2x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Founded in 1975, Poplast is an Italian excellence in the flexible packaging sector, specializing in flexographic printing and lamination for the food and Corporate sectors. Headquartered in Castel San Giovanni, the company has grown significantly through M&A (acquiring Sala Srl and FM Plastic). It is recognized for its strong focus on R&D and sustainability, developing biodegradable and recyclable packaging solutions in partnership with the University of Piacenza.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: green arrow capital