POPLAST acquired by GREEN ARROW CAPITAL

Poncin Metal underwent a management buyout supported by Sofimac Regions and Esfin Participations. The transaction allowed for a smooth leadership transition while providing the capital needed to pursue an ambitious modernization plan. The investment thesis focused on Poncin Metal's strong positioning in high-value-added industrial subcontracting and its potential to capture new markets through technological upgrades.

Cobepa S.A. has acquired a majority stake in Gerflor SAS from Intermediate Capital Group (ICG) and other shareholders, including Credit Mutuel Equity. Following the transaction, ICG (which had owned the company since 2011) will retain a significant minority stake. The deal was finalized in late January 2020 after receiving approval from the European Commission. The strategic rationale for the acquisition is to strengthen Gerflor’s market leadership and accelerate its international expansion, particularly in North America and Asia. Under ICG’s previous ownership, the company more than doubled its revenues, reaching the €1 billion milestone through a mix of organic growth and strategic bolt-on acquisitions. The new ownership structure under Cobepa is designed to provide the long-term capital necessary to pursue further external growth and leverage Gerflor’s expertise in high-growth niches like sports and healthcare flooring.

Tekni-Plex, Inc. has acquired 100% of the share capital of Lameplast S.p.A. from the Italian private equity firm Aksia Group (Aksia Capital IV fund). This transaction represents the first exit for the Aksia Capital IV fund. Lameplast's expertise in pharmaceutical injection moulding and its strong foothold in the European ophthalmology market will be integrated into Tekni-Plex's global healthcare packaging division. Under Aksia's ownership since 2016, Lameplast had strengthened its management, enhanced R&D, and expanded its commercial presence in the US.

Blackstone entered into a definitive agreement to acquire an initial 51% controlling stake in Essel Propack from the Ashok Goel Trust. The transaction was strategically motivated by the rapid growth of the Indian consumer market and the increasing global demand for specialized pharmaceutical and personal care packaging. By transitioning from a family-led structure to a private equity-backed model, the deal was designed to accelerate Essel Propack’s expansion across the Asia Pacific and Oceania regions, utilizing India as a central manufacturing and export hub.

Alpha Private Equity acquired a controlling stake in Laminam from the Stefani family (System Group). The CEO reinvested significantly alongside Alpha and continued to lead the company. The acquisition followed a competitive auction involving funds like InvestIndustrial, Ardian, and BC Partners. The transaction was financed by Banco BPM. The strategic goal was to accelerate Laminam's global expansion and capitalize on its tripled production capacity following recent investments in its Parma (Italy) and Vorsino (Russia) plants.

Parcom Capital acquired a 60% majority stake in 247TailorSteel from its founder, Carel van Sorgen. The transaction was designed to solve the founder's succession while providing the industrial group with the financial muscle to accelerate its European rollout.

Platinum Equity has entered into a definitive agreement to acquire Multi-Color Corporation in a transaction valued at an enterprise value of $2.5 billion. This acquisition serves as a massive transformative add-on for Platinum's existing portfolio company, WS Packaging Group. The merger combines MCC's global footprint and leadership in premium label segments (Wine & Spirits, Healthcare) with WS Packaging's extensive domestic manufacturing network and pressure-sensitive capabilities. The deal will take MCC private, delisting it from the NASDAQ, and is financed through equity from Platinum Capital Partners IV LP and debt financing from Bank of America Merrill Lynch and Deutsche Bank.

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.

AptarGroup has finalized the 100% acquisition of Reboul S.A.S. from Vacheron Industries in an all-cash corporate transaction. The acquisition strengthens the buyer's structural capabilities within the high-growth color cosmetics vertical by integrating Reboul's highly specialized expertise in custom metal casing and engineered lipstick mechanisms. The investment thesis centers on consolidating market share in premium beauty packaging by absorbing a recognized player with innovative technologies. For AptarGroup, the strategic rationale focuses on leveraging its existing, extensive global commercial network to cross-sell Reboul's high-end technical solutions. Under the post-closing operational framework, substantial geographical and industrial synergies are unlocked, as Reboul's manufacturing facility in Annecy is strategically located near Aptar’s pre-existing corporate operations, ensuring a seamless integration of supply chains and production capacities.

As part of one of the biggest LBO since 2008, a consortium formed by The Carlyle Group and GIC acquired 100% of AkzoNobel Specialty Chemicals in a landmark corporate carve-out transaction. The deal was structured via a competitive bidding process under a definitive share purchase agreement, outnegotiating rival private equity syndicates including Apollo Global Management, Bain Capital, Advent International, and Hal Investments. The transaction was financed via a high-leverage capital structure comprising institutional sponsor equity alongside €6.5 billion in senior secured acquisition debt, representing a leverage ratio of 6.5x EBITDA. The debt package was arranged by a tier-one global banking syndicate led by Barclays, HSBC, and JPMorgan, alongside Citi, Credit Suisse, Deutsche Bank, RBC, and UBS, and included an additional €800 million in undrawn revolving credit lines. Under the binding terms of the agreement, Carlyle committed to maintaining the standalone entity’s corporate headquarters in the Netherlands.