M&A Deal Summary

MIMIR Acquires Billerud Managed Packaging

On July 13, 2023, private equity firm MIMIR acquired packaging company Billerud Managed Packaging from Billerud

Acquisition Highlights
  • This is MIMIR’s 1st transaction in the Packaging sector.
  • This is MIMIR’s 3rd transaction in Sweden.

M&A Deal Summary
Date 2023-07-13
Target Billerud Managed Packaging
Sector Packaging
Buyer(s) MIMIR
Sellers(s) Billerud
Deal Type Divestiture

Target

Billerud Managed Packaging

Stockholm, Sweden
Billerud Managed Packaging offers customized packaging solutions to global brands and retail chains with manufacturing in Asia and has a large network of production partners. Managed Packaging is based in Asia, Europe and USA.

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Buyer(S) 1

Buyer

MIMIR

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

MIMIR is an investment group that acquires non-core business units of larger corporations as well as private companies that need operationally oriented ownership. Broad areas of interest include manufacturing, industrials, pharma & chemicals, medical devices, software, hardware, and paper/pulp. MIMIR was established in 2016 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 9 of 9
Sector (Packaging) 1 of 1
Type (Divestiture) 7 of 7
Country (Sweden) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-31 Lindemann

Düsseldorf, Germany

Lindemann designs, develops, and produces machinery and facilities for the scrap and metal processing industry, automotive industry as well as foundries, steel mills and metall producing industry. Lindemann was founded in 1913 and is based in Düsseldorf, Germany.

Buy -

Seller(S) 1

SELLER

Billerud

Stockholm, Sweden
Category Company
Founded 1926
Sector Forest Products
Employees5,833
Revenue 41.2B SEK (2023)
DESCRIPTION

Billerud is a pulp and paper manufacturer that provides packaging materials and solutions that challenge conventional packaging for a sustainable future. It is a provider of primary fiber-based packaging materials and has customers in over 100 countries. Billerud was formed in 1926 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 2 of 2
Sector (Packaging) 1 of 1
Type (Divestiture) 2 of 2
Country (Sweden) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-20 Verso

Miamisburg, Ohio, United States

Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.

Buy $825M
Mergr

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