Secondary Buyout • Packaging

Adelis Equity Partners Acquires Westpack

On January 6, 2022, private equity firm Adelis Equity Partners acquired packaging company Westpack from Capidea Management

Acquisition Context
  • This is Adelis Equity Partners’ 1st transaction in the Packaging sector.
  • This is Adelis Equity Partners’ 7th transaction in Denmark.

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M&A Deal Summary

Date January 6, 2022
Target Westpack
Sector Packaging
Buyer(s) Adelis Equity Partners
Sellers(s) Capidea Management
Deal Type Secondary Buyout

Target Company

Westpack

Holstebro, Denmark
Westpack design, develop, manufactures, and sells special packaging and display solutions to more than 22.000 jeweler, watch- and glass retailers across Europe. Furthermore, Westpack provides tailormade solutions to more than 300 jewelry, watch, and glass brands globally. Westpack was founded in 1953 and is based in Holstebro, Denmark.
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Buyer Overview 1

Buyer

Adelis Equity Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2012
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Adelis Equity Partners is a private equity firm focused on acquiring middle-market Nordic companies. The Firm pursues businesses valued up to €200 million with revenue of €10 to €300 million. Sectors of interest include business services, niche industrials, consumer, and healthcare services. Adelis Equity Partners was formed in 2012 and is based in Stockholm.


Deal Context for Buyer #
Overall 31 of 37
Sector: Packaging 1 of 1
Type: Secondary Buyout 4 of 4
Country: Denmark 7 of 8
Year: 2022 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Vokstr

Oslo, Norway

Vokstr is a group of building rehabilitation services companies in the Oslo area and South of Norway for public and commercial customers. Vokstr operate a decentralized and customer-oriented business model, whilst having benefits and strength of a larger group. Vokstr is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-16 Valtti

Espoo, Finland

Valtti is a full-service IT provider focusing on cloud and data center services, modern workplace services for Microsoft solutions, end-user support services, and cyber security. Valtti designs and implements digital services to support customers’ digital journeys. Valtti was founded in 2008 and is based in Espoo, Finland.

Sell -

Seller Profile 1

SELLER

Capidea Management

Copenhagen, Denmark

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.3B DKK
Size Large
Type Sector Agnostic
DESCRIPTION

Capidea Management ApS is a Danish private equity firm that targets small and mid-sized market companies located in Denmark. The Firm targets potential for growth businesses with attractive market positions, proven products and technologies led by experienced management team. It looks to invests in companies with an enterprise value of DKK 400 million. Capidea seeks to hold both majority and minority equity interest in well established portfolio companies. Specific areas of interest include manufacturing, distribution, software, retail, and services. The Firm does not looks to invests in real estate, financial companies, venture capital and start-up companies. Capidea Management ApS was formed in 2006 and is based in København.


Deal Context for Seller #
Overall 10 of 12
Sector: Packaging 2 of 2
Type: Secondary Buyout 5 of 6
Country: Denmark 10 of 12
Year: 2022 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 BROEN-LAB

Assens, Denmark

BROEN-LAB is a premium manufacturer of laboratory fittings and emergency shower systems used in professional laboratories, the education sector, and industrial workplaces. The laboratory fittings product portfolio includes valves and fittings for the control and regulation of a range of media. The emergency shower product portfolio (ESS) includes a wide range of eye and body showers. BROEN-LAB was founded in 1948 and is based in Assens, Denmark.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Budweg

Odense S, Denmark

Budweg is a major company in Europe within the remanufacturing of used brake calipers and the company develops, produces, remanufacturers, and sells brake calipers to the independent aftermarket. Budweg was founded in 1978 and is based in Odense, Denmark.

Sell -

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