M&A Deal Summary

GTCR Acquires PPC Flexible Packaging

On October 1, 2021, private equity firm GTCR acquired packaging company PPC Flexible Packaging from Morgan Stanley Capital Partners

Acquisition Highlights
  • This is GTCR’s 1st transaction in the Packaging sector.
  • This is GTCR’s 118th transaction in the United States.
  • This is GTCR’s 19th transaction in Illinois.

M&A Deal Summary
Date 2021-10-01
Target PPC Flexible Packaging
Sector Packaging
Buyer(s) GTCR
Sellers(s) Morgan Stanley Capital Partners
Deal Type Secondary Buyout

Target

PPC Flexible Packaging

Buffalo Grove, Illinois, United States
PPC Flexible Packaging is a provider of converted flexible packaging for the healthcare, medical, organic snack, pet food, bakery and produces markets. The company excels in the design and manufacture of value-added printed, laminated and stand up pouch packaging for the most demanding applications. Recognized for its focus on exceptional speed to market, it excels in delivering service, quality, and technology to its valued customer base. PPC Flexible Packaging was founded in 1968 and is based in Buffalo Grove, Illinois.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 122 of 142
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 27 of 33
State (Illinois) 19 of 20
Country (United States) 118 of 137
Year (2021) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-26 itel

Jacksonville, Florida, United States

itel is an insurance service provider that helps property insurance companies effectively settle claims worldwide. itel is committed to custom-fitting its service offering to meet the unique needs of each international insurance market. itel was founded in 1993 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Lexipol

Frisco, Texas, United States

Lexipol provides public safety agencies and local governments with essential policy content, online training programs, grant services, health and wellness resources, and timely news and analysis to enable them to best serve their communities. The company's solutions are tailored for the unique needs of law enforcement, fire, corrections, and EMS professionals, helping first responders operate professionally, responsibly, and safely. Lexipol was formed in 2003 and is based in Frisco, Texas.

Buy -

Seller(S) 1

SELLER

Morgan Stanley Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1985
Size Large
Type Sector Agnostic
DESCRIPTION

Morgan Stanley Capital Partners (MSCP) is the private investment arm of financial services firm and investment bank Morgan Stanley. MSCP looks to partner with founders looking to leverage Morgan Stanley's resources, as well as fund corporate carveouts, recapitalizations, buyouts, and industry consolidations. Areas of interest include business services, industrials, education, consumer products/services, food/beverage, retail, healthcare, and packaging. MSCP primarily targets businesses operating in North America valued between $75 and $750 million. Morgan Stanley Capital Partners is based in New York City.

DEAL STATS #
Overall 23 of 25
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 8 of 9
State (Illinois) 1 of 1
Country (United States) 19 of 21
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Uplight

Boulder, Colorado, United States

Uplight is a provider of energy management software, hardware, and services for consumers and utility companies. Uplight data analytics on more than 123 million homes creates new business opportunities for any product or service provider connected to the home. Today, this includes electric and gas utilities, and energy retailers. Built over more than a decade, the Tendril Platform delivers real-time, ever-evolving data about the home and how people use energy in it. These rich insights help our customers improve customer acquisition, increase engagement and orchestrate home energy experiences. Uplight was founded in 2004 and is based in Boulder, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-02 SpendMend

Grand Rapids, Michigan, United States

SpendMend helps healthcare organizations nationwide discover the full impact of financial leakage upon their organization. As the healthcare expert in audit recovery and spend visibility, SpendMend has perfected the process of holistically analyzing complex spend data to help an organization shed light upon ubiquitous financial leakage. SpendMend helps recover financial leakage and partners with clients to optimize cost cycle management and improve spend visibility. SpendMend was founded in 1993 and is based in Grand Rapids, Michigan.

Buy -
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