Carlyle-backed Logoplaste buys Masterchem

Masterchem's founding family retained a significant minority stake and will remain actively involved in the management of the business.

With this add-on, Logoplaste expects to expand its product offering, accelerate its growth and gain new customers across multiple international markets.

Carlyle acquired a minority stake of between 30-50% in Logoplaste from the founding family in June 2016. The transaction valued the company at around €660m, equal to 8.5x its €78m 2016 EBITDA.

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.

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 staff 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.

Company
Founded in 1994 and based in Zielona Góra, Masterchem is a manufacturer of PET containers for cosmetics, household chemicals, food products, pharmaceuticals and dietary supplements. The company claims to have a diversified portfolio of clients across Europe, with annual volume exceeding 500 million units sold to around 1,000 customers.

People
Logoplaste – Gerardo Chiaia (CEO).
Masterchem – Piotr Wasilewski (CEO).

Advisers
Vendor – PwC (financial due diligence); SSW (legal).
Acquirer – Deloitte (financial due diligence); Linklaters (legal).

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