M&A Deal Summary

Olympus Partners Acquires DS Smith - Plastics Division

On March 6, 2019, private equity firm Olympus Partners acquired packaging company DS Smith - Plastics Division from DS Smith for 450M GBP

Acquisition Highlights
  • This is Olympus Partners’ 3rd transaction in the Packaging sector.
  • This is Olympus Partners’ largest (disclosed) transaction.
  • This is Olympus Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-03-06
Target DS Smith - Plastics Division
Sector Packaging
Buyer(s) Olympus Partners
Sellers(s) DS Smith
Deal Type Divestiture
Deal Value 450M GBP

Target

DS Smith - Plastics Division

London, United Kingdom
DS Smith Plc - Plastics Division is a provider of flexible plastics, rigid plastics and foam products.

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Buyer(S) 1

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 42 of 55
Sector (Packaging) 3 of 4
Type (Divestiture) 2 of 4
Country (United Kingdom) 1 of 1
Year (2019) 1 of 6
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Rise Baking

Minneapolis, Minnesota, United States

Rise Baking Co. is a manufacturer of premium cookies, dessert bars, artisan breads, and flatbreads. Rise Baking was founded in 2013 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Tank Holdings

Ballwin, Missouri, United States

Tank Holdings Corp. is a designer and manufacturer of proprietary rotationally-molded polyethylene and steel containers. Its broad line of products includes tanks for agricultural applications, intermediate bulk containers for hazardous material transportation, chemical storage tanks for industrial applications, as well as water and septic tanks for residential, commercial and municipal specifications. Tank Holdings Corp. is based in Ballwin, Missouri.

Buy -

Seller(S) 1

SELLER

DS Smith

London, United Kingdom

website

Category Company
Founded 1940
Sector Packaging
Revenue 8.2B GBP (2023)
DESCRIPTION

DS Smith is a provider of sustainable fiber-based packaging worldwide, which is supported by recycling and papermaking operations. The company delivers circular solutions for its customers and wider society replacing problem plastics, taking carbon out of supply chains, and providing innovative recycling solutions. Its bespoke box-to-box 14-day model, design capabilities, and innovation strategy sit at the heart of this response. DS Smith was incorporated in 1940 and is based in London, the United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 DPF Groupe

Rives, France

DPF Groupe is a manufacturer of multi-material packaging products such as cardboard, foam and wood for industrial purposes. DPF Groupe was founded in 2010 and is based in Rives, France.

Buy -
Mergr

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