M&A Deal Summary

Next Wave Partners and Alpina Partners Acquire Petainer Czech Holdings s.r.o.

On November 11, 2009, growth capital firm Next Wave Partners and private equity firm Alpina Partners acquired packaging company Petainer Czech Holdings s.r.o. from Rexam for 16M GBP

Acquisition Highlights
  • This is Next Wave Partners’ 1st and Alpina Partners’ 1st transaction in the Packaging sector.
  • This is Next Wave Partners’ and Alpina Partners’ largest (disclosed) transaction.
  • This is Next Wave Partners’ 2nd and Alpina Partners’ 1st transaction in Sweden.

M&A Deal Summary
Date 2009-11-11
Target Petainer Czech Holdings s.r.o.
Sector Packaging
Buyer(s) Next Wave Partners
Alpina Partners
Sellers(s) Rexam
Deal Type Divestiture
Deal Value 16M GBP

Target

Petainer Czech Holdings s.r.o.

Lidköping, Sweden
Petainer is a manufacturer of refillable PET bottles for the German market and also dominates the Scandinavian PET bottle market.

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Buyer(S) 2

Buyer

Next Wave Partners

London, United Kingdom

Investor Investor

Category Growth Capital Firm
Founded 2007
PE ASSETS 90M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

Next Wave Partners is a private equity firm focused on lower mid-market management buyouts, carve-outs, and growth capital buy-and-build transactions. Next Wave looks for businesses generating at least £1 million in EBITDA requiring £5 to £20 million of capital. Next Wave prefers companies located in the UK, but will consider opportunities in greater Europe. Next Wave was formed in 2002 and is based in London.

DEAL STATS #
Overall 3 of 12
Sector (Packaging) 1 of 2
Type (Divestiture) 1 of 1
Country (Sweden) 2 of 2
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-01 Crendo

Halmstad, Sweden

Crendo is a facilities management company serving over 70,000 residential, commercial and office properties in Southern Sweden for both planned and reactive maintenance. Crendo was founded in 2003 and is based in Halmstad, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 Chapco

Penarth, United Kingdom

Chapco was set up to provide high quality Management and financial accounting services to sole traders and SME’s. Chapco was founded in 1976 and is based in Penarth, United Kingdom.

Buy -
Buyer

Alpina Partners

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 300M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alpina Partners is an independent investment group focused on sustainable company investments. The Firm looks to support companies that seek solutions to sustainability challenges. Alpina Partners is based in Munich, Germany.

DEAL STATS #
Overall 4 of 24
Sector (Packaging) 1 of 1
Type (Divestiture) 1 of 3
Country (Sweden) 1 of 1
Year (2009) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-10 AMCS

Limerick, Ireland

AMCS supplies integrated software and vehicle technology for the waste, recycling, and material resources industries. AMCS Platform is a suite of best-in-class SaaS solutions that includes industry-specific enterprise management software, intelligent optimization, mobile workforce, vehicle technology, digital engagement, and analytics solutions, which delivers digital innovation to the emerging circular economy worldwide. AMCS was founded in 2003 and is based in Limerick, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-11 Torqeedo

Wessling , Germany

Torqeedo is a provider of electric drive systems for watercraft that develops and manufactures electric and hybrid drives from 0.5 kW to 100 kW for leisure and commercial applications. Torqeedo’s products are characterised by an uncompromising focus on high-tech, maximum efficiency and complete system integration. Torqeedo was founded in 2005 and is based in Wessling, Germany.

Buy -

Seller(S) 1

SELLER

Rexam

London, United Kingdom
Category Company
Founded 1923
Sector Packaging
Employees8,600
Revenue 3.9B GBP (2015)
DESCRIPTION

Rexam PLC is a British multinational consumer packaging company headquartered in London, United Kingdom. It is the largest manufacturer of beverage cans in the world and a leading producer of rigid plastic packaging.

DEAL STATS #
Overall 2 of 7
Sector (Packaging) 1 of 4
Type (Divestiture) 2 of 7
Country (Sweden) 1 of 1
Year (2009) 1 of 1
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-09 ROSTAR

Moscow, Russia

ROSTAR Ltd. is a manufacturer of aluminium beverage cans in Russia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Rexam s High-Barrier Food

United Kingdom

Rexam's High-Barrier Food provides thermoformed packaging solutions such as retortable bowls and barrier trays to many of the world’s leading packaged food and ready-meal companies.

Sell $248M
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