M&A Deal Summary

Novolex Acquires Clondalkin Group Holdings BV

On April 2, 2013, Novolex acquired packaging company Clondalkin Group Holdings BV from Warburg Pincus

Acquisition Highlights
  • This is Novolex’s 1st transaction in the Packaging sector.
  • This is Novolex’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2013-04-02
Target Clondalkin Group Holdings BV
Sector Packaging
Buyer(s) Novolex
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Clondalkin Group Holdings BV

Amsterdam, Netherlands
Clondalkin Group is an international producer of high value added packaging products and services, with over 35 production locations in eight countries throughout Europe and North America.

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Buyer(S) 1

Buyer

Novolex

Hartsville, South Carolina, United States

Category Company
Founded 2003
Sector Packaging
DESCRIPTION

Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Hartsville, South Carolina.


DEAL STATS #
Overall 1 of 13
Sector (Packaging) 1 of 10
Type (Add-on Acquisition) 1 of 12
Country (Netherlands) 1 of 1
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Duro Bag Manufacturing

Florence, Kentucky, United States

Duro Bag Manufacturing Company, based in Florence, KY, is a leading manufacturer and marketer of paper bags for foodservice, grocery, wholesale-distribution and other markets. Duro produces grocery bags, handle bags, compostable paper lawn and leaf bags, and various specialty bags, including lunch bags, pharmacy bags, Freshness Paper™ bread bags, and food service bags, as well as a broad range of premium paper shopping bags for luxury retailers in North America.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 80 of 251
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 31 of 90
Country (Netherlands) 5 of 6
Year (2013) 2 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-07 TradeCard

New York City, New York, United States

TradeCard provides on-demand financial supply chain products to top retailers, brands and manufacturers. By connecting these buyers online with their domestic and international suppliers, TradeCard automates the processes from procurement through payment. Corporate Financing Managers can gain access to TradeCard's suite of integrated financial products that reduce working capital and capture payment discounts, while TradeCard's compliance scorecards and chargeback management tools help procurement chiefs to optimize supplier performance.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 Alliance Tire Group B.V.

Hadera, Israel

Alliance Tire Group B.V. is a Manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery. ATG has developed a highly specialized business in the manufacture and sale of tires for agricultural, industrial, construction and forestry machinery. ATG sells radial and bias tires for the aforementioned types of vehicles in 120 countries around the world, with a focus on the North American and European markets.

Sell $650M