M&A Deal Summary

LIVIA Corporate Development Acquires Baden Board

On June 1, 2018, corporate investor LIVIA Corporate Development acquired packaging company Baden Board from Smurfit Kappa Group

Acquisition Highlights
  • This is LIVIA Corporate Development’s 1st transaction in the Packaging sector.
  • This is LIVIA Corporate Development’s 2nd transaction in Germany.

M&A Deal Summary

Date 2018-06-01
Target Baden Board
Sector Packaging
Buyer(s) LIVIA Corporate Development
Sellers(s) Smurfit Kappa Group
Deal Type Divestiture

Target

Baden Board

Gernsbach, Germany
Baden Board comprises both a mill and board conversion plant. The mill produces recycled carton board and the conversion plant manufactures folding board boxes. The white line chipboard commodity grade produced is not a core paper grade for Smurfit Kappa and this has been a key factor in the decision to sell. The Baden mill produces 152,000 tons of board which is used to create primary packaging for a variety of products and the conversion facility converts 64m sqm of board annually. Baden Board is based in Gernsbach, Germany.

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Buyer(S) 1

Buyer
DESCRIPTION

LIVIA Corporate Development is the direct investment arm of the LIVIA Group, a diversified German holding company. LIVIA Corporate Development looks to acquire non-core divestitures, spin-offs, businesses facing succession issues as well as restructuring situations. The Firm does not have any stated sector preferences, however prefers opportunities in Western Europe. The Group targets businesses and units with €20 million to €2 billion of revenue. LIVIA Corporate Development SE is headquartered in Munich.


DEAL STATS #
Overall 3 of 7
Sector: Packaging M&A 1 of 1
Type: Divestiture M&A Deals 1 of 5
Country: Germany M&A 2 of 3
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Orgatreatments

Pune, India

Orgatreatments is a bio-waste recycling business that generates a state-of-the-art bio-fertilizer and compost for the entire Indian market. The fertilizer has considerable positive effects on both the growth and productivity of crops. The company owns all relevant operating assets including the factory site. Orgatreatments is based in Pune, Maharashtra.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Tingari

Paris, France

Tingari is a provider of professional integration and occupational mobility. Tingari is based in Paris, France.

Buy -

Seller(S) 1

SELLER

Smurfit Kappa Group

Dublin, Ireland

Category Company
Founded 1934
Sector Packaging
Employees48,000
Revenue 10.1B EUR (2021)
DESCRIPTION

Smurfit Kappa Group is a producer of paper-based packaging. Company manufacture paper-based packaging, with our locations supported by a network of paper, recycling and forestry operations. Smurfit Kappa Group was founded in 1934 and is based in Dublin, Ireland. Smurfit Kappa Group was founded in 1934 and is based in Dublin, Ireland.


DEAL STATS #
Overall 3 of 3
Sector: Packaging M&A 2 of 2
Type: Divestiture M&A Deals 3 of 3
Country: Germany M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-24 Parenco & Reparco

Renkum, Netherlands

Parenco & Reparco is a producer of SC-B is waste paper. Parenco & Reparco is based in Renkum, Netherlands.

Buy -