Capiton sells Schur to Lindsay Goldberg
Capiton has sold Austrian packaging producer Schur to American private equity house Lindsay Goldberg.
Capiton followed a buy-and-build strategy for Schur, having acquired the first company of the group, CFS Dixie, in December 2011. The nucleus of the group was then purchased in early 2012 with the takeover of the Schur Flexibles Division, consisting of four companies, from Schur International in Denmark. Five further businesses were acquired before the end of 2014. Also in 2014, PS Polymer Sourcing was founded as an additional separate business unit.
New owner Lindsay Goldberg plans further bolt-ons for the group.
Company
Schur is a group of 12 companies offering packaging products and machines. The product portfolio consists of packaging systems for the food, tobacco and pharmaceutical markets.
Baden-headquartered Schur has factories in Denmark, Sweden, Germany, France and the US. In 2015, the group generated sales of €370m and employed 1,100 staff.
People
Capiton – Manuel Hertweck (managing partner); Alexander Marxen (investment manager).
Schur – Jakob Mosser (CEO).
Advisers
Seller – MP Corporate Finance (M&A); Kirkland & Ellis (legal); Deloitte (financial due diligence).
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