M&A Deal Summary

KPS Capital Partners Acquires Eviosys

On April 8, 2021, private equity firm KPS Capital Partners acquired packaging company Eviosys from Crown for 2.3B EUR

Acquisition Highlights
  • This is KPS Capital Partners’ 2nd transaction in the Packaging sector.
  • This is KPS Capital Partners’ 2nd largest (disclosed) transaction.
  • This is KPS Capital Partners’ 1st transaction in Switzerland.
Investment Fate
  • Eviosys was sold to a publicly-traded strategic buyer in 2024 for 3.9B USD.

M&A Deal Summary

Date 2021-04-08
Target Eviosys
Sector Packaging
Buyer(s) KPS Capital Partners
Sellers(s) Crown
Deal Type Divestiture
Deal Value 2.3B EUR

Target

Eviosys

Baar, Switzerland
Eviosys is a provider of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands. Eviosys was formed in 2021 and is headquartered in Baar, Switzerland.

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Buyer(S) 1

Buyer

KPS Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 13.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.


DEAL STATS #
Overall 43 of 55
Sector (Packaging) 2 of 2
Type (Divestiture) 18 of 24
Country (Switzerland) 1 of 1
Year (2021) 2 of 6
Size (of disclosed) 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-05 Speira

Grevenbroich, Germany

Speira is a manufacturer of advanced rolled aluminum products, producing approximately one million tonnes per year, with over a century of experience. Speira operates seven manufacturing plants, an R&D center, and nine sales offices globally.

Buy €1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-06 Metra

Brescia, Italy

Metra is a global, vertically integrated manufacturer of extruded aluminum profiles and related value-added services, including painting, oxidation, machining, welding, and assembly. The Company offers a full range of extruded aluminum profiles, which are used primarily in the industrial and building & construction end-markets across Europe and North America. Metra is headquartered in Rodengo Saiano, Italy, with five strategically located manufacturing facilities across Italy and Canada.

Buy -

Seller(S) 1

SELLER

Crown

Yardley, Pennsylvania, United States

Category Company
Founded 1892
Sector Packaging
Employees25,000
Revenue 12.0B USD (2023)
DESCRIPTION

Crown is a manufacturer of packaging products for consumer marketing companies around the world. Crown makes a wide range of metal packaging for food, beverage, household and personal care and industrial products and metal vacuum closures and caps. Crown was founded in 1892 and is based in Yardley, Pennsylvania.


DEAL STATS #
Overall 5 of 5
Sector (Packaging) 5 of 5
Type (Divestiture) 5 of 5
Country (Switzerland) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-19 Signode Industrial Group

Glenview, Illinois, United States

Signode Industrial Group, Inc. is a global manufacturer of steel and plastic strapping, stretch film and the application equipment and accessory products for each. Signode is the world's leading supplier of transit packaging systems and solutions, which consist of strap, stretch and protective packaging consumables and the application equipment and tooling for each. Based in Glenview, Illinois, Signode's global footprint includes operations in 40 countries across 6 continents, with sales to customers in approximately 60 countries.

Buy $3.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-03 Helvetia Packaging

Root, Switzerland

Helvetia Packaging is a beverage can and end-manufacturing company that delivers turnkey plant solutions. Helvetia Packaging was formed in 2013 and is based in Saarlouis, Germany.

Buy -