M&A Deal Summary

Madison Dearborn Partners Acquires IPL Plastics

On July 29, 2020, private equity firm Madison Dearborn Partners acquired packaging company IPL Plastics from La Caisse for 981M CAD

Acquisition Highlights
  • This is Madison Dearborn Partners’ 3rd transaction in the Packaging sector.
  • This is Madison Dearborn Partners’ 15th largest (disclosed) transaction.
  • This is Madison Dearborn Partners’ 1st transaction in Ireland.

M&A Deal Summary

Date 2020-07-29
Target IPL Plastics
Sector Packaging
Buyer(s) Madison Dearborn Partners
Sellers(s) La Caisse
Deal Type Going Private
Deal Value 981M CAD
Advisor(s) BMO Capital Markets (Financial)
Stikeman Elliott (Legal)

Target

IPL Plastics

Dublin, Ireland
IPL Plastics is a sustainable packaging solutions provider primarily in the food and consumer, agricultural, logistics and environmental end-markets operating from multiple production facilities in Canada, the U.S., the U.K., Ireland, China and Mexico. IPL Plastics was founded in 1939 and is based in Dublin, Ireland.

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Buyer(S) 1

Buyer

Madison Dearborn Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 31.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Madison Dearborn Partners (MDP) is a large private equity firm that targets buyouts of private or publicly held companies, divestitures of larger companies, recapitalizations of family-owned or closely-held companies, acquisition-oriented financings, and financings to fund internal growth. MDP's target investment size is $100 to $600 million in buyout oriented transactions and $100 to $400 million in growth capital commitments. Areas of interest include basic industries (natural resources, chemicals, energy and power, automotive, building products, food, metals and mining, refining, paper, packaging and forest products, and general manufacturing), as well as communications, consumer products/services, financial services, and healthcare. Madison Dearborn Partners was formed in 1992 and is based in Chicago, Illinois.


DEAL STATS #
Overall 87 of 104
Sector: Packaging M&A 3 of 3
Type: Going Private M&A Deals 7 of 9
Country: Ireland M&A 1 of 1
Year: 2020 M&A 6 of 8
Size (of disclosed) 15 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-13 Benefytt

Tampa, Florida, United States

Benefytt is a health insurance technology company that primarily engages in the development and operation of private e-commerce health insurance marketplaces, consumer engagement platforms, agency technology systems, and insurance policy administration platforms. By leveraging existing and emerging platforms and technologies, the Company offers a range of Medicare-related insurance plans from many of the nation’s leading carriers as well as other types of health insurance and supplemental products that meet the needs of consumers. Benefytt was formed in 2012 and is based in Tampa, Florida.

Buy $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-22 Carnegie Learning

Pittsburgh, Pennsylvania, United States

Carnegie Learning is a comprehensive, dynamic, and progressive learning technology company. Carnegie Learning delivers powerful math, English language arts and world language software, blended learning solutions and professional learning services to over 1,500 school districts in all 50 states. Carnegie Learning was formed in 1997 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

La Caisse

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1965
PE ASSETS 90.0B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

CDPQ is a global asset management firm focused on a variety of investing strategies including fixed income, real estate, infrastructure, private equity, venture capital, and public equities. Within private equity, CDPQ looks to acquire significant minority stakes in businesses operating in a variety of sectors and seeks to commit $250 million to $1 billion per transaction. CDPQ was established in 1965 and is headquartered in Montreal, Quebec.


DEAL STATS #
Overall 4 of 21
Sector: Packaging M&A 1 of 1
Type: Going Private M&A Deals 1 of 2
Country: Ireland M&A 1 of 1
Year: 2020 M&A 2 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 Cirque du Soleil

Montreal, Quebec, Canada

Cirque du Soleil is a creative content provider of live artistic entertainment. In addition to shows, the company, which has its International Headquarters in Montréal, extends its creative talent to other spheres of activity. Cirque du Soleil was formed in 1984 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Groupe Moreau

Indre-et-Loire, France

Groupe Moreau is an own and operates 22 vehicle inspection services (VIS) centers. Groupe Moreau is based in Indre-et-Loire, France.

Sell -