M&A Deal Summary

Centerbridge Partners Acquires Solidus

On June 28, 2019, asset manager Centerbridge Partners acquired packaging company Solidus from AURELIUS Equity Opportunities for 330M EUR

Acquisition Highlights
  • This is Centerbridge Partners’ 2nd transaction in the Packaging sector.
  • This is Centerbridge Partners’ 7th largest (disclosed) transaction.
  • This is Centerbridge Partners’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-06-28
Target Solidus
Sector Packaging
Buyer(s) Centerbridge Partners
Sellers(s) AURELIUS Equity Opportunities
Deal Type Secondary Buyout
Deal Value 330M EUR

Target

Solidus

Oude Pekela, Netherlands
website
Solidus is a fibre-based sustainable packaging producer in Europe. It operates from 15 locations across seven countries: the Netherlands, Belgium, France, Germany, Spain, Portugal and the UK, using state-of-the-art manufacturing capabilities to produce and convert a diverse range of solidboard, graphicboard and coreboard products, which it sells to customers in 70 countries worldwide.

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Buyer(S) 1

Buyer

Centerbridge Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 2005
PE ASSETS 16.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.


DEAL STATS #
Overall 35 of 46
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 19 of 26
Country (Netherlands) 1 of 1
Year (2019) 3 of 4
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-10 Cardinal Logistics

Concord, North Carolina, United States

Cardinal Logistics is a third-party logistics, transportation, and supply chain solutions provider. Cardinal Logistics unique approach to outsourcing combines dedicated shipping resources with extensive industry expertise and the most advanced logistics technology to help companies maximize their supply and demand chains. Cardinal Logistics was founded in 1997 and is based in Concord, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 GoHealth

Chicago, Illinois, United States

GoHealth is a health insurance marketplace whose mission is to improve access to healthcare in America. The Company's technology platform leverages modern machine-learning algorithms powered by nearly two decades of insurance behavioral data to reimagine the optimal process for helping individuals find the best health insurance plan for their specific needs. GoHealth was founded in 2001 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

DESCRIPTION

The AURELIUS Group is an independent investment firm focused on buyouts and spin-offs of Western European middle-market to large companies. The Firm looks to invest €5 to €80 million per transaction in companies valued up to €250 million. AURELIUS is a generalist investor but has a preference for opportunities in the chemicals, information technology, consumer products, business services, and industrials sectors. The AURELIUS Group was formed in 2006 and is based in Grünwald, Germany.


DEAL STATS #
Overall 20 of 30
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 2 of 5
Country (Netherlands) 2 of 3
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-27 Privilege Marine

Les Sables-d'Olonne, France

Privilege Marine is a premium catamaran builder based in Les Sables d'Olonne on the French Atlantic coast. Privilege Marine cruising catamarans have earned a global reputation for their high standards on the multihull market. At privilege marine, yacht building is all about safety, comfort, reliability and driving enjoyment. Privilege Marine was founded in 1985 and is based in Les Sables-d'Olonne, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-09 Zentia

Gateshead, United Kingdom

Zentia provides mineral fibre tiles and grids for modular suspended ceilings to commercial properties, with its products widely used in offices, schools and hospital. Zentia is based in Gateshead, United Kingdom.

Buy -