M&A Deal Summary

PAI Partners Acquires Albéa

On March 26, 2018, private equity firm PAI Partners acquired packaging company Albéa from Sun Capital Partners

Acquisition Highlights
  • This is PAI Partners’ 2nd transaction in the Packaging sector.
  • This is PAI Partners’ 27th transaction in France.

M&A Deal Summary
Date 2018-03-26
Target Albéa
Sector Packaging
Buyer(s) PAI Partners
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Albéa

Gennevilliers, France
Albéa is a packaging company producing a wide range of solutions for make-up, fragrance, skincare, personal and oral care markets. Albéa was formed in 2006 and is based in Gennevilliers, France.

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Buyer(S) 1

Buyer

PAI Partners

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.

DEAL STATS #
Overall 56 of 92
Sector (Packaging) 2 of 3
Type (Secondary Buyout) 18 of 46
Country (France) 27 of 41
Year (2018) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Kiloutou

Marcq-en-Baroeul, France

Kiloutou is a rental company and a major player in equipment rental in France, the Kiloutou Group provides products and services to a diversified client base: public corporations, construction companies, craftsmen, municipalities, administrations, industries, service companies and SMEs. The Kiloutou group offers the widest product range on the market with more than 1,000 references: access equipment, earthmoving and construction equipment , commercial vehicles and events. Kiloutou was founded in 1980 and is based in Marcq-en-Baroeul, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 World Freight

Roissy, France

World Freight is a Global Sales and Services Agents (“GSSA”) market. WFCI markets the cargo freight capacity of more than 190 airline customers serving every major air cargo market globally. It has played a signficant role in consolidating the GSSA market and operates through its subsidiaries including Air Logistics, Kales Group, ATC, Worldwide GSA, Hermes, and Platinum. World Freight was formed in 2004 and is based in Roissy, France.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 99 of 127
Sector (Packaging) 7 of 8
Type (Secondary Buyout) 24 of 32
Country (France) 4 of 4
Year (2018) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-13 Demilec

Boisbriand, Quebec, Canada

Demilec, Inc. is a north american spray polyurethane foam (“SPF”) insulation market. The Company offers both rigid (“closed cell”) and semi-rigid (“open cell”) SPF insulation. The Company serves over 1,000 customers and has manufacturing facilities in Canada and US.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-14 ESIM Chemicals

Linz, Austria

ESIM Chemicals is a global provider of high-quality agricultural and crop protection chemicals, intermediates and maleic anhydride tree chemicals, focusing on partnering with companies in the custom synthesis of their unique compounds and offer a portfolio of fine chemical products critical to multiple industries. The company has more than 75 years of experience in transforming innovative ideas into scalable supplies of advanced fine chemical products and intermediates using state of the art facilities. ESIM Chemicals was founded in 2015 and is based in Linz, Austria.

Buy -
Mergr

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