M&A Deal Summary

Greif Acquires Blagden Packaging Group NV

On October 1, 2006, Greif acquired distribution company Blagden Packaging Group NV from CVC Capital Partners, Intermediate Capital Group, Bridgepoint and Alchemy Partners

Acquisition Highlights
  • This is Greif’s 1st transaction in the Distribution sector.
  • This is Greif’s 1st transaction in Belgium.

M&A Deal Summary

Date 2006-10-01
Target Blagden Packaging Group NV
Sector Distribution
Buyer(s) Greif
Sellers(s) CVC Capital Partners
Intermediate Capital Group
Bridgepoint
Alchemy Partners
Deal Type Add-on Acquisition

Target

Blagden Packaging Group NV

Roe, Belgium
Blagden Packaging Group NV is a European supplier of large steel drums. The business has new drum manufacturing plants in the UK, Belgium, Netherlands and Spain and drum reconditioning plants located in Belgium, Germany, Austria, The Netherlands and the UK.

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Buyer(S) 1

Buyer

Greif

Delaware, Ohio, United States

Category Company
Founded 1877
Sector Packaging
Employees14,000
Revenue 5.4B USD (2024)
DESCRIPTION
Entrance to Greif's corporate headquarters in Delaware, Ohio.
Entrance to Greif's corporate headquarters in Delaware, Ohio.

Greif is a global producer of industrial packaging products and services. Greif offers a comprehensive line of rigid industrial packaging products, such as steel, fibre and plastic drums, rigid intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles and reconditioned containers, and services, such as container life cycle services, blending, filling and other packaging services, logistics and warehousing. Greif was founded in 1877 and is based in Delaware, Ohio.


DEAL STATS #
Overall 2 of 11
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 9
Country: Belgium M&A 1 of 2
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-22 Delta Petroleum

Saint Rose, Louisiana, United States

Delta Petroleum blends lubricating oils, lubricant additives, viscosity modifiers, aircraft deicer fluids, and other glycol-based products, and drums, packages, stores, and manages logistics for major oil and specialty chemical companies. Delta Petroleum was founded in 1946 and is based in Saint Rose, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-23 Southline Metal Products Co.

Houston, Texas, United States

Southline Metal Products Co. is a manufactures steel pails in a variety of sizes and colors.

Buy -

Seller(S) 4

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 55 of 181
Sector: Distribution M&A 5 of 8
Type: Add-on Acquisition M&A Deals 21 of 69
Country: Belgium M&A 1 of 6
Year: 2006 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-27 Asia Timber Products Co.

Shanghai, China

Asia Timber Products Co. Ltd. is a manufacturer and distributor of high-end, medium-density fiber panels and laminate flooring. Asia Timber Products was founded in 1993 and is based in Shanghai, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-19 Armacell

Capellen, Luxembourg

Armacell is a manufacturer of thermal & acoustic elastomeric insulation materials and PET Core Foams. The company manufactures advanced engineered foams that are applied in a wide range of technical applications, including commercial and residential building equipment, as well as equipment and solutions for the wind power, energy, industrials, transport, and sports & leisure sectors. Armacell was formed in 1860 and is based in Capellen, Luxembourg.

Sell €400M
SELLER

Intermediate Capital Group

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 74.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


DEAL STATS #
Overall 71 of 225
Sector: Distribution M&A 2 of 2
Type: Add-on Acquisition M&A Deals 16 of 69
Country: Belgium M&A 1 of 3
Year: 2006 M&A 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-28 Keolis SA

Paris, France

Kéolis SA manages passenger transport networks for the account of local authorities and private contractors: buses, cars, subways, tramways, trolley buses, ferry networks, and maritime links.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-30 ASCO

Aberdeen, United Kingdom

ASCO is a provider of outsourced logistics services and solutions to the oil and gas industry. ASCO was founded in 1967 and is based in Aberdeen, Scotland.

Sell -
SELLER

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 20 of 112
Sector: Distribution M&A 2 of 3
Type: Add-on Acquisition M&A Deals 6 of 39
Country: Belgium M&A 1 of 1
Year: 2006 M&A 9 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 NES Fircroft

Altrincham, United Kingdom

NES Fircroft is a global provider of specialist white collar personnel to the global oil and gas, power, and infrastructure markets. NES Fircroft was founded in 1978 and is based in Altrincham, United Kingdom.

Sell £86M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Attendo

Danderyd, Sweden

Attendo provides financed care services for older people in nursing homes and home care. The company's services include care for older people, care for people with disabilities, individual and family care, as well as healthcare. Attendo was formed in 1985 and is based in Danderyd, Sweden.

Sell -
SELLER

Alchemy Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 4.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Alchemy Partners is a private equity firm that targets investments in the UK, Ireland, and German-speaking Europe. Alchemy looks to commit £25 to £150 million per transaction in areas including financial services, information technology, and telecoms. Historically, the Firm primarily targeted leveraged buyouts, buy-ins, and growth capital financings, but today Alchemy specializes in distressed and undervalued or underperforming businesses. Alchemy Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 3 of 15
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 11
Country: Belgium M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Sierra-Cedar

Alpharetta, Georgia, United States

Sierra-Cedar is a North American IT services company. Sierra-Cedar integrates its industry knowledge, deep technology capabilities, breadth of service offerings, and global delivery model into best-value solutions tailored to the needs of its clients. Sierra-Cedar is uniquely positioned to help its clients meet the challenges of a fast-changing application and technology market. Sierra-Cedar was founded in 2005 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 ATH Resources

Doncaster, United Kingdom

ATH Resources Plc is a operator of surface coal mines in the United Kingdom.

Buy -