
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).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater