Thu, 03 Jan 2013 | BUSINESS SALE
Two packaging companies have been bought by Sun European Partners, it has been confirmed.
The firm spent a total of £400 million in the purchase of Lincolnshire-based Paragon Print & Packaging and Rexam's cosmetics division.
Sun European bought a 49 per cent stake in Paragon from Equistone and LDC for an undisclosed sum. Rothschild were drafted in as the financial advisers for Equistone, on the deal, with Pinsent Masons providing legal advice. Boston Consulting and PwC also provided advice on the handover.
KPMG stepped in to advise Sun European on their financial side of things, with DLA Piper working on the legal issues.
The purchase comes at a time of consolidation for the packaging industry as a whole. Speaking to City AM, Davy Stockbrokers analyst Barry Dixon said: “There's been a move towards higher-quality consumer packaging especially given the rise of discount retailers such as Aldi and Lidl who use consumer-ready packaging not just for transporting goods but for shelving and marketing.”
Paragon manufactures the packaging and labels used by major firms including Tesco and Boots. It saw revenues of around £170 million in 2012.
Offering for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public.
The company provides a comprehensive range of multimedia solutions for the wire, cable, tube, pipe and fasteners industries comprising print magazines, digital magazines, websites, digital platforms and social media benefitting from digital advertisi...
An established Irish based engineering business, providing supply, fabrication and erection structural steel solutions to customers across the island of Ireland and Great Britain.
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
27
|
Mar
|
Acquisitive IT firm makes latest deal after securing fresh funding | BUSINESS SALE
Everything Tech Group, an acquisitive Manchester-based manag...
14
|
Feb
|
Sun European Partners completes acquisition of K3 Capital at over 21x profits | BUSINESS SALE
Sun European Partners has completed its acquisition of Bolto...
28
|
May
|
Bedding retailer Dreams sold at 12x multiple following successful turnaround | BUSINESS SALE
UK-based bedding retailer Dreams is set to be sold by Sun Eu...
29
|
Sep
|
Alexon facing potential pre-pack administration | ADMINISTRATION
Womenswear company Alexon has suspended trading of its share...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.