Barclays sells Aerocan to Ball for €221m

BPE acquired 65% of Aerocan (formerly Cebal Aérosols) from N.I. Partners in 2008 via the BPE European Fund III, with management retaining the remaining 35%. The secondary buyout was valued in the €50-100m range. Senior debt was provided by GE Corporate Finance Bank and Société Générale, while LFPI Gestion provided mezzanine financing.

According to BPE, the company has grown strongly since then and weathered the downturn, notably by investing in new production lines. It believes the change of ownership offers new opportunities for Aerocan, particularly for customers outside Europe.

Founded as Céba Aérosols in 1969, Lille-based Aerocan manufactures and distributes aluminum cans and bottles, mainly for the cosmetic, pharmaceutical and beverage industries.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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