Capidea sells FlexoPrint to IK Investment-backed Optimum

Financial terms were not disclosed. 

The deal is Optimum's fifth acquisition since 2018. The European label printing group consists of 12 member companies and now has operations in Holland, Belgium, Denmark and Germany.

With the transaction, Optimum also owns FlexoPrint's German subsidiary H&T Labelprint, which is a merger of H&P Etiketten and TOM Etiketten, DES Labels and the 50%-owned TJ Partner –Tryk, all of which continue to be a part of the group. 

Previous funding
Capidea in August 2018 acquired the company using its third fund, Capidea Kapital III, which closed in February 2019 on DKK 861m. The sale of FlexoPrint is the first exit from the vehicle.

Company
Founded in 1974 and headquartered in Randers, Flexoprint is a producer of self-adhesive labels, tickets, and thin cardboard products. Its customer base comprises companies within the food and beverage sectors, as well as retail chains and wholesalers of labelling equipment. The company employs 110 staff and has operations in the Netherlands, Belgium, and Germany.

Advisers
Equity – Taylor Wessing (corporate finance); Accura (legal).  
Vendor – Plesner (legal).

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• Topics
• Buyouts
• Nordics
• Industrials
• Capidea Management
• IK Investment Partners
• Taylor Wessing