M&A Deal Summary

Coveris Group Acquires Paragon Print and Packaging

On May 1, 2013, Coveris Group acquired business services company Paragon Print and Packaging from Sun Capital Partners

Acquisition Highlights
  • This is Coveris Group’s 1st transaction in the Business Services sector.
  • This is Coveris Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2013-05-01
Target Paragon Print and Packaging
Sector Business Services
Buyer(s) Coveris Group
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

Paragon Print and Packaging

Lincolnshire, United Kingdom
Paragon are market leaders in food packaging for the fresh and chilled food sector, and is the fastest growing independent packaging supplier to this sector across the UK and Europe.

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Buyer(S) 1

Buyer

Coveris Group

Vienna, Austria

Category Company
Founded 2013
Sector Packaging
DESCRIPTION

Coveris is a global plastic packaging company formed by the combination of Exopack, Britton Group, Kobusch, PACCOR and Paragon Print & Packaging, the company is an established leader in the development, manufacture, and sourcing of flexible and rigid plastic and paper packaging, as well as coatings solutions for various consumer and industrial end-use markets. Coveris was founded in 2013 and is based in Vienna, Austria.


DEAL STATS #
Overall 4 of 14
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 10
Country (United Kingdom) 2 of 5
Year (2013) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Britton Group

Winsford, United Kingdom

Britton Group is a flexible packaging business in Europe, producing 80,000 tonnes of plastic film and converted products each year.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-29 InteliCoat Technologies

South Hadley, Massachusetts, United States

InteliCoat Technologies is a supplier of precision coated paper, specialty substrates for imaging technologies, and imaging products for the ink jet printing market. InteliCoat's services also include the development of unique coating processes for substrates used in flexible printed circuitry, the construction of electronic and medical components, and other specialized markets such as digital fine art and photographic reproduction applications.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 44 of 127
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 15 of 53
Country (United Kingdom) 5 of 17
Year (2013) 6 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 Britton Group

Winsford, United Kingdom

Britton Group is a flexible packaging business in Europe, producing 80,000 tonnes of plastic film and converted products each year.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-14 Atmosphere Bars and Clubs

Knowlhill, United Kingdom

Atmosphere Bars and Clubs is one of the UK’s leading operators of late night bars targeting the 25 to 40 year old market. Atmospheres sites are located in medium to large towns throughout England and Wales and the company's main objective is to ensure that its customers enjoy the ultimate party atmosphere when they visit. The Company operates 31 sites, 22 of which trade under the Chicago Rock Café brand name and 9 of which are clubs trading under various brand names.

Sell -