Optimum Group, a UK-based labels and flexible packaging company backed by IK Investment Partners, has wholly acquired FlexoPrint Group, a Danish producer of self-adhesive labels, from Danish private equity fund Capidea and other stakeholders.
EQT IX is expected to be 70-75% invested following the deal
Previous fund held a final close in 2012 with capital commitments of USD 840m
MoU marks LBO France's first foray into the Chinese market, with plans to open a local office
ECI bought the asset from Phoenix less than three years ago