Brookfield acquires 75% of Schoeller Allibert

Brookfield Business Partners, a publicly listed entity focused on the business services and industrials sectors, invested $50m, while Brookfield's institutional partners, which represent the private equity  branch of the firm, committed $155m.

Brookfield is an asset manager with $265bn under management across the real estate, infrastructure, renewable power and private equity asset classes. Brookfield's private equity business manages $28bn.

Schoeller, based in Munich, is the management holding of the Schoeller family. As part of the deal, the group has the opportunity to increase its ownership in the future.

Brookfield bought shares previously owned by JP Morgan, which has exited its investment.  

Brookfield's investment will allow the business to grow organically through continued innovation as well as internationally, organically or through acquisitions.

Debt
Schoeller Allibert has €210m in 8% senior secured notes due in 2021. The terms of the notes currently permit the issuance of additional notes.

Company
Founded in 1999 and based in Hoofddorp, Schoeller Allibert has a product portfolio of around 1,000 types of returnable plastic crates and containers used across several industry sectors, including agriculture, beverages, food processing, retail, industrial and automotive manufacturing, and container pooling and rental companies. The business serves 10,000 customers across several geographies.

People
Brookfield Business Partners – Cyrus Madon (CEO).
Schoeller Allibert – Ian Robinson (CEO).
Schoeller Group – Martin Schoeller; Christoph Schoeller (managing partners).

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• Topics
• Buyouts
• Benelux
• Industrials
• Netherlands
• JP Morgan