Audax Group, a Boston based mid-market private equity house, has backed the management buyout of Nicholl Food Packaging from its private shareholders. The transaction was supported by debt facilities arranged by Barclays Leveraged Finance in the Midlands and The Bank of Ireland.
Transaction also financed with a €10m senior debt from LCL, BNP Paribas, Bred Banque Populaire and CIC
GP acquires a 49% stake in the company for €1.06bn, while the reminder is retained by current owner Atlantia
LDC invested £20m in Mitrefinch in 2016 for a minority stake and has supported the company in doubling revenues
Omega managing director Claudio Nessi and principal Francesco Draetta will join the company's board