One Equity Partners buys Alltub in SBO
New-York based GP One Equity Partners has acquired Netherlands-headquartered aluminium and laminate packaging specialist Alltub from Los Angeles-based Aurora Resurgence.
Aurora Resurgence, an affiliate of private equity house Aurora Capital Group, was the company's PE backer since 2011.
One Equity Partners plans to support Alltub in pursuing a buy-and-build strategy.
The GP is currently investing from One Equity Partners VI, the firm's first fund since it was spun out from JP Morgan in 2015. The vehicle closed on its hard-cap of $1.65bn in February 2017.
The GP announced in March this year that One Equity Partners VII had been launched with a target of $1.75bn.
One Equity generally focuses on mid-market companies focused on the industrial, healthcare and technology sectors in North America and Europe.
Company
Founded in 2005 as a spin-out from the aluminium producer Alcan, Alltub is an aluminum and laminate packaging specialist serving the cosmetics, pharmaceutical, food and industrial end markets.
Headquartered in Amsterdam, Alltub operates facilities in the Czech Republic, France, Germany, Italy and Mexico. The business generates revenues of €150m in 2017 and has a headcount of 1,400.
People
One Equity Partners – Johann-Melchior von Peter (senior managing director).
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