M&A Deal Summary

CCL Industries Acquires Innovia

On December 19, 2016, CCL Industries acquired packaging company Innovia from Arle Capital Partners, Electra and Epiris for 1.1B USD

Acquisition Highlights
  • This is CCL Industries’ 12th transaction in the Packaging sector.
  • This is CCL Industries’ largest (disclosed) transaction.
  • This is CCL Industries’ 5th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-12-19
Target Innovia
Sector Packaging
Buyer(s) CCL Industries
Sellers(s) Arle Capital Partners
Electra
Epiris
Deal Type Add-on Acquisition
Deal Value 1.1B USD

Target

Innovia

Cumbria, United Kingdom
Innovia makes high-tech transparent and coated films for packaging and labels. Its bi-orientated polypropylene (BOPP) films are extruded from oil through a unique 'bubble’ technology. It is also the only scale manufacturer of cellulose film made from wood pulp (Cello) outside Japan.

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Buyer(S) 1

Buyer

CCL Industries

Toronto, Ontario, Canada
Category Company
Founded 1951
Sector Packaging
Employees25,700
Revenue 6.7B CAD (2023)
DESCRIPTION

CCL Industries specializes in label and packaging solutions for global corporations, small businesses and consumers. CCL Industries was incorporated in 1951 and is based in Toronto, Canada.

DEAL STATS #
Overall 24 of 41
Sector (Packaging) 12 of 19
Type (Add-on Acquisition) 20 of 36
Country (United Kingdom) 5 of 9
Year (2016) 6 of 6
Size (of disclosed) 1 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Labelone

Belfast, United Kingdom

Labelone Ltd. is a designer and manufacturer of bespoke labeling solutions primarily focused on the healthcare industry in Northern Ireland. The company was founded in 2001 and is based in Belfast, United Kingdom.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-08 Treofan America

Winston-Salem, North Carolina, United States

Treofan America, Inc. is a producer of biaxially oriented polypropylene (“BOPP”) film based in Zacapu, Mexico, with a capacity of 60,000 tons for specialty applications in consumer packaging and label markets.

Buy $255M

Seller(S) 3

SELLER

Arle Capital Partners

London, United Kingdom
Category Private Equity Firm
Founded 2011
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Arle Capital Partners Ltd. Is a private equity partnership firm focuses on acquiring business located in the UK, Scandinavia, and Western Europe. The Firm targets companies operating in the fields of energy, natural resources, industrial, and business services. It seeks to invest in companies with an enterprise value of up to €1 billion. Arle Capital spun-out of Candover Investments in 2011 and currently manages all of Candover's investment interests. The Firm is based in London.

DEAL STATS #
Overall 16 of 16
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (United Kingdom) 4 of 4
Year (2016) 2 of 2
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Technogym

Gambettola, Italy

Technogym is involved in the design and manufacture of premium branded fitness equipment and wellness solutions. Technogym was formed in 1983 and is based in Gambettola, Italy.

Sell -
SELLER

Electra

London, United Kingdom

Investor

Category Private Equity Firm
PE ASSETS 800M GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra is an investment trust quoted on the London Stock Exchange that specializes in private equity investments. Electra's primary focus is on opportunities across Western Europe in a broad array of industries. Electra Private Equity is based in London.

DEAL STATS #
Overall 25 of 32
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 8 of 11
Country (United Kingdom) 18 of 25
Year (2016) 6 of 6
Size (of disclosed) 4 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-07 Premier Miton Group

Guildford, United Kingdom

Premier Miton Group is a retail fund manager distributing funds through IFAs as well as other discretionary and advisory channels. Premier Miton Group was founded in 1995 and is based in Guildford, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Davies

Stoke-on-Trent, United Kingdom

Davies is a specialist professional service and technology business serving the global insurance market. The company delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation, and change management. Davies was formed in 1968 and is based in Stoke-on-Trent, United Kingdom.

Sell -
SELLER

Epiris

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 1.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Electra Partners is a UK-based private equity firm focused on buyouts, co-investments, secondary fund purchases, and debt investing. The Firm's direct investing group looks to make majority or minority investments of £50 to £250 million in deals valued up to £500 million. Electra was formed in 1976 and is based in London.

DEAL STATS #
Overall 42 of 51
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 14 of 17
Country (United Kingdom) 32 of 41
Year (2016) 4 of 4
Size (of disclosed) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Allflex Europe

Roxburghshire, United Kingdom

Allflex Europe is a designer, producer and distributor of animal intelligence and monitoring technologies for livestock, pets, fish and other species. It designs, produces and distributes a variety of products such as radio‐frequency identification (RFID) and visual ear tags, tissue sampling devices, RFID implants, monitoring devices, milk meters, and other farm management equipment. Allflex Europe was founded in 1973 and is based in Roxburghshire, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Davies

Stoke-on-Trent, United Kingdom

Davies is a specialist professional service and technology business serving the global insurance market. The company delivers professional services and technology solutions across the risk and insurance value chain, including claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation, and change management. Davies was formed in 1968 and is based in Stoke-on-Trent, United Kingdom.

Sell -
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