M&A Deal Summary

Greybull Capital Acquires First Circle

On December 13, 2019, private equity firm Greybull Capital acquired packaging company First Circle from Nampak

Acquisition Highlights
  • This is Greybull Capital’s 1st transaction in the Packaging sector.
  • This is Greybull Capital’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-12-13
Target First Circle
Sector Packaging
Buyer(s) Greybull Capital
Sellers(s) Nampak
Deal Type Divestiture

Target

First Circle

Newport Pagnell, United Kingdom
First Circle provides lightweight, durable, and sustainable plastic packaging solutions. First Circle was formed in 1999 and is based in Newport Pagnell, United Kingdom.

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Buyer(S) 1

DESCRIPTION

Greybull Capital is a private equity firm seeking long-term partnerships with management teams across a variety of industries and situations. Greybull Capital was founded in 2010 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 2 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-23 Redeem

Bathgate, United Kingdom

Redeem is a provider of electronic equipment recycling and re-commerce solutions for mobile network operators, wholesalers, retailers, charities, and direct consumers in the United Kingdom and internationally. Redeem was founded in 1999 and is based in Bathgate, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Redeem

Bathgate, United Kingdom

Redeem is a provider of electronic equipment recycling and re-commerce solutions for mobile network operators, wholesalers, retailers, charities, and direct consumers in the United Kingdom and internationally. Redeem was founded in 1999 and is based in Bathgate, United Kingdom.

Sell -

Seller(S) 1

SELLER

Nampak

Sandton, South Africa

Category Company
Founded 1968
Sector Packaging
Revenue 10.0B ZAR (2024)
DESCRIPTION

Nampak is a packaging company. It produces packaging products from metal, glass, paper and plastics, and is a major manufacturer and marketer of tissue products. Nampak was founded in 1968 and is based in Sandton, South Africa.


DEAL STATS #
Overall 5 of 5
Sector: Packaging M&A 4 of 4
Type: Divestiture M&A Deals 5 of 5
Country: United Kingdom M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-26 Nampak Flexibles

Durban, South Africa

Nampak Flexibles engages in flexible packaging in South Africa. Nampak Flexibles has extrusion, lamination and conversion capabilities across three plants. The business services leading multi-national and domestic customers in the beverage, food and home care end markets.

Sell R250M