Carlyle acquires packaging producer Logoplaste

As part of the deal, Carlyle acquired a minority stake from the founding family, which will retain the controlling stake in the business. According to press reports, Credit Suisse led an auction process that saw several private equity houses participating, including Advent International.

According to the reports, Carlyle acquired a stake ranging between 30-50%. The transaction is reported to value the company at around €660m, which represents 8.5x the €78m EBITDA expected in 2016.

Following the transaction, the company is keen on using the capital injection to boost its expansion internationally across Europe and the US.

Carlyle invested via its Europe-focused upper- and mid-market buyout vehicle, Carlyle Europe Partners IV. The deal marks the seventh transaction for the firm's 2013-vintage fourth fund, which held a final close on €3.75bn in July 2015.

Previous funding
In December 2014, API Capital acquired a minority stake in the business for €10m.

Company
Founded in 1976, Logoplaste produces rigid plastic packaging for the food and homecare sectors, including bottles and detergent receptacles.

The company is headquartered in Lisbon and employs 2,000 people in 60 factories across 16 countries, including Brazil, Belgium, Canada, the Czech Republic, France, Italy, Poland, Mexico, the Netherlands, Portugal, Russia, Spain, Ukraine, the UK, the US and Vietnam.

In 2015, the business reported sales of €468m.

People
The Carlyle Group – Alex Wagenberg (managing director).
Logoplaste – Filipe de Botton, Alexandre Relvas (co-CEOs).

Advisers
Equity – Barclays Capital (corporate finance); Linklaters (legal).
Company – Credit Suisse (M&A); PLMJ (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Buyouts
• Industrials
• Southern Europe
• Portugal
• Carlyle Group