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The plastics industry is seeing continued strength, with segments outperforming the broader industrials market, according to the Plastics & Packaging Insider, an industry report by Brown Gibbons Lang & Company (BGL).
The BGL report documents continued strong private equity interest in the plastics space, with differentiated businesses in high demand, supported by findings from a roundtable survey of equity sponsors with investments in the industry. The fragmented landscape is conducive to acquisitive growth, with sponsors aggressively pursuing synergistic buys that bring technology and capability expansion and access to new markets.
"Of particular interest is a focus on complex parts and
- 15/04/2016
Audax Private Equity has partnered with management to acquire HALO Branded Solutions (HALO). Terms of the transaction have not been disclosed.
Headquartered in Sterling, Illinois, HALO is a distributor in the USD20 billion per year promotional products industry. The company has a nationwide sales force and expects to continue its profitable growth by offering innovative client solutions, priced competitively, and supported by world-class operations and award-winning marketing.
Geoffrey S Rehnert, Co-CEO of Audax, says: “We are impressed with HALO’s leadership position in an industry that is positioned for strong growth. The loyalty of their sales team, passion of their support
- 15/04/2016
Aleph Venture Capital has appointed Aaron Rosenson as partner, the first not to have been part of the firm’s founding team.
Rosenson joins Aleph as its third equal partner effective immediately, three years after Eden Shochat and Michael Eisenberg founded the fund. He joins the fund from Insight Venture Partners where he was an associate responsible for identifying some of Insight’s most promising investments, including deals such as Docker, HelloFresh, Moat, Gainsight and Illuminate Education.
“We are thrilled to welcome Aaron as our third partner,” says Shochat. “Aaron shares Aleph’s core values and hallmark qualities: a tireless work ethic on
- 15/04/2016
The managing directors of tax and business advisory firm True Partners Consulting have purchased all of the interests in the company previously owned by private equity firm Waud Capital Partners.
Twenty-five Managing Directors located in Chicago, Boston, Dallas, Long Island, Los Angeles, Manhattan, San Jose and Tampa make up the ownership group and together, they will continue the growth supported by their private equity sponsor for the past ten years.
“We are extremely excited to be taking this next step in the evolution of the firm,” says Cary McMillan, CEO. “We’ve had a great relationship with the Waud Capital team
- 15/04/2016
Petainer UK Holdings has signed a binding agreement with KKR Credit for a 100 million debt and equity investment. The funding from KKR Credit will be used to refinance the Company’s capital structure and also finance the implementation of the Company’s growth strategy.
Next Wave Partners (Next Wave) will remain the majority shareholders and KKR Credit is taking a substantial minority shareholding. The transaction is expected to complete later in April 2016.
Petainer is a global provider of packaging solutions to a diverse range of consumer food and beverage end markets, including beer, wine, cider, carbonated soft drinks (CSDs), water
- 15/04/2016
Andrew James Lom, an investment management lawyer, has joined the law firm Norton Rose Fulbright’s New York office as a partner.
Lom (pictured) comes to Norton Rose Fulbright from Cadwalader, Wickersham & Taft LLP. He represents global asset managers, investors and private companies in a wide range of regulatory and transactional matters.
In his asset and wealth management practice, Lom advises clients on fund formations, private equity transactions, SEC and related regulatory matters, corporate issues and tax matters. In addition, he assists family offices and other financial investors with investment due diligence, private equity transactions and holding company structuring and
- 15/04/2016
Hedge fund and private equity firms are dominating office leasing in core areas of London among the financial services sector (excluding banks), with latest figures revealing strong demand, according to research out from Cushman & Wakefield.
In the first quarter of this year, take-up of office space from non-banking financial services firms was around 240,000 sq ft with hedge funds accounting for approximately a quarter (23 per cent) and private equity nearly a fifth (18 per cent). These figures are slightly down on overall comparisons to 2015, which was an extremely buoyant period for financial services companies according to the
- 14/04/2016
London specialist consultancy firm, Compliance and Risk Consultancy (CRC), has formed strategic partnership with Berlin and Brussels-based company Idox Compliance.
Idox Compliance is a leading of compliance solutions in Europe, providing compliance training expertise to corporate and public sector customers across all sectors and sizes.
The collaboration will enable both partners to add complementary services to their existing offering, assisting clients to better meet their increasing compliance needs and regulatory requirements. CRC is the only UK company involved in this type of collaboration with Idox.
In addition to serving their existing clients, as part of the collaboration, CRC and Idox
- 14/04/2016
Motion Equity Partners is to sell pet stores retailer Arcaplanet Group to the Permira Funds.
Arcaplanet Group was founded in 1995 by Michele Foppiani, who still runs the Company as CEO. The Group operates a chain of circa 150 stores which sell over 10,000 SKUs, ranging from pet food to accessories and to healthcare products. The Group has also developed its portfolio of four different owned brands: Start, Expecial, Next and HiFish. In 2014, Arcaplanet Group launched its online retail activity.
Over the recent years, Arcaplanet Group has built its successful growth story through the new stores opening (from
- 14/04/2016
– a Polish market specialist in advertising and marketing technology. The growth round is a combination of a capital increase and acquisition of shares from Dirlango, a company controlled by Łukasz Wejchert and Maciej Żak. Innova Capital is continuing to increase its exposure to the fast growing tech market.
“As part of our investment strategy, we increasingly back innovative companies with a clear technological DNA, and high growth potential. Netsprint with its leading marketing position and scalable platform approach fits well into our investment criteria. We are hugely impressed by the Netsprint team and their fast product innovations. We believe that
- 14/04/2016
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