M&A Deal Summary

BlueGem Capital Partners and Arev Acquire Pinard Beauty Pack

On October 7, 2024, private equity firms BlueGem Capital Partners and Arev acquired plastics company Pinard Beauty Pack from IK Partners

Acquisition Highlights
  • This is BlueGem Capital Partners’ 1st and Arev’s 1st transaction in the Plastics sector.
  • This is BlueGem Capital Partners’ 5th and Arev’s 1st transaction in France.

M&A Deal Summary

Date 2024-10-07
Target Pinard Beauty Pack
Sector Plastics
Buyer(s) BlueGem Capital Partners
Arev
Sellers(s) IK Partners
Deal Type Secondary Buyout

Target

Pinard Beauty Pack

Martignat, France
Pinard Group specializes in the design and manufacture of packaging solutions for prestige and luxury brands in the BPC space through the Pinard Beauty Pack (PBP) subsidiary and for pharmaceutical customers through its Lablabo subsidiary. The Group addresses prestige and masstige brands while serving a long-standing clientele. Distribution is primarily focused in France (60%) where most trades are, followed by the Rest of Europe (30%) and the US (10%). Pinard Beauty Pack was founded in 1970 and is based in Martignat, France.

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Buyer(S) 2

Buyer

BlueGem Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.0B EUR
Size Large
Type Sector Focused
DESCRIPTION

BlueGem Capital Partners LLP is an independent private equity firm that invests in mid-market European businesses in Europe, primarily those based in the UK and Italy. The Firm looks to invest €30 – €60 million per transaction. Specific areas of interest include retail, consumer goods/brands, wholesale distribution, and business services. Types of transactions include growth capital financings, MBOs, MBIs, and replacement capital. BlueGem Capital Partners LLP was spin-off of Merrill Lynch Global Private Equity. BlueGem Capital Partners LLP was formed in 2006 and is based in London.


DEAL STATS #
Overall 26 of 26
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 5 of 5
Country (France) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Beautynova

Milan, Italy

Beautynova is a producer of hair care products with a modern research laboratory for the formulation of innovative professional products for the hairdressing industry. High-quality products and a global assistance service covering all stages of product development, production, and distribution have made Pool Service the supplier of choice for numerous international customers of the highest standing. Beautynova is based in Milan, Italy.

Sell -
Buyer

Arev

London, United Kingdom

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Arev is a private investment firm focused on investment opportunities in the retail sector. Arev is based in London.


DEAL STATS #
Overall 2 of 2
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (France) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-13 Mountain Warehouse

London, United Kingdom

Mountain Warehouse operates retail stores that offer outdoor clothing, footwear, and accessories for men, women, and kids. Mountain Warehouse was founded in 1997 and is based in London, United Kingdom.

Sell £50M

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Ik Investment Partners Ltd. (Formerly Industri Kapital) is a private equity firm that targets control investments in mid-sized manufacturing and service companies located in select European countries. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The firm looks to commit €50 to €150 million of equity capital per transaction and targets companies with 'a proven ability to generate significant cash flow' as well as an ability to 'sustain growth through various economic cycles'. IK Investment Partners was formerly known as Industry Kapital. IK Investment Partners was formed in 1989 and has offices in Hamburg, London, Paris, and Stockholm.


DEAL STATS #
Overall 112 of 112
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 47 of 47
Country (France) 23 of 23
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-23 Defibrion

Groningen, Netherlands

Defibrion is specialized in the field of AEDs and company emergency response. Customers can contact the company for safety products, services, and advice. The company is mainly active in the Netherlands, Belgium, and France and has already delivered more than 25,000 AEDs. Defibrion was founded in 2008 and is based in Groningen, Netherlands.

Buy -