Investment Summary

GIC Invests In Altium Packaging

On March 12, 2021, sovereign wealth fund GIC invested in packaging company Altium Packaging from Loews

Investment Highlights
  • This is GIC’s 1st transaction in the Packaging sector.
  • This is GIC’s 9th transaction in the United States.
  • This is GIC’s 1st transaction in Georgia.

Investment Summary
Date 2021-03-12
Target Altium Packaging
Sector Packaging
Investor(s) GIC
Sellers(s) Loews
Deal Type Stake Purchase

Target

Altium Packaging

Atlanta, Georgia, United States
website
Altium Packaging's headquarters in Atlanta, Georgia.
Altium Packaging's headquarters in Atlanta, Georgia.
Altium Packaging is a customer-centric packaging solutions provider and manufacturer. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segment. Altium Packaging is based in Atlanta, Georgia.

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Investor(S) 1

Investor

GIC

Investor Investor Investor Investor Investor

website

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 32 of 38
Sector (Packaging) 1 of 1
Type (Stake Purchase) 6 of 7
State (Georgia) 1 of 1
Country (United States) 9 of 13
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-09 Miller

London, United Kingdom

Miller is a provider of insurance and reinsurance solutions for customers. Miller operates across a number of specialist areas, including marine, energy, credit, and political risks, delegated authorities, professional risks, property, casualty, sports and entertainment, and (re)insurance. Miller was founded in 1902 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 Ascensus

Dresher, Pennsylvania, United States

Ascensus is an independent recordkeeping services provider, third-party administrator, and government savings facilitator in the United States. The firm delivers technology and expertise to help millions of people save for what matters most retirement, education, and healthcare. Ascensus was formed in 1980 and is based in Dresher, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Loews

New York, New York, United States

website

Category Company
Founded 1969
Sector Diversified
Employees10,340
Revenue 14.1B USD (2021)
DESCRIPTION

Loews is a diversified company with four subsidiaries, three of which are publicly-traded: CNA Financial Corporation (NYSE: CNA), Diamond Offshore Drilling, Inc. (NYSE: DO) and Boardwalk Pipeline Partners, LP (NYSE: BWP); and one of which is wholly owned: Loews Hotels & Resorts. Loews was founded in 1969 and is based in New York, New York.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Stake Purchase) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Altium Packaging

Atlanta, Georgia, United States

Altium Packaging is a customer-centric packaging solutions provider and manufacturer. Altium specializes in customized mid- and short-run packaging solutions, serving a diverse customer base in the pharmaceutical, dairy, household chemicals, food/nutraceuticals, industrial/specialty chemicals, water, and beverage/juice segment. Altium Packaging is based in Atlanta, Georgia.

Buy $1.2B
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