M&A Deal Summary

Paragon Partners Acquires DUO PLAST

On July 5, 2019, private equity firm Paragon Partners acquired packaging company DUO PLAST from VR Equitypartner and Süd Beteiligungen

Acquisition Highlights
  • This is Paragon Partners’ 1st transaction in the Packaging sector.
  • This is Paragon Partners’ 19th transaction in Germany.

M&A Deal Summary

Date 2019-07-05
Target DUO PLAST
Sector Packaging
Buyer(s) Paragon Partners
Sellers(s) VR Equitypartner
Süd Beteiligungen
Deal Type Secondary Buyout

Target

DUO PLAST

Lauterbach, Germany
DUO PLAST is a manufacturer of high-performance stretch films used for load securing in the freight, agriculture and food packaging industries. Customers receive advice on the optimized use of packaging film in the in-house DUO LAB, the right hardware for processing the film, and film with superior strength and stretchability characteristics. The company serves over 1,600 customers in the beverages & food, agricultural, non-food consumer goods, chemical and pharmaceutical industries – primarily from Austria, France and BeNeLux. DUO PLAST was founded in 1983 and is based in Lauterbach, Germany.

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Buyer(S) 1

Buyer

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.


DEAL STATS #
Overall 25 of 33
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 9
Country: Germany M&A 19 of 26
Year: 2019 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 KADI

Langenthal, Switzerland

KADI is a manufacturer of refrigerated and frozen products and is based in Langenthal. The company produces around 270 different items, which are used every day in over 10’000 restaurants in Switzerland. KADI was founded in 1951 and is based in Langenthal, Switzerland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 pro optik

Wendlingen, Germany

pro optik Augenoptik is an optical retail chain grown from a single store to the third-largest optician chain in Germany. The product range includes both branded designer frames as well as value-for-money private label frames in combination with high-quality lenses, selling around 400,000 pairs of glasses per year. pro optik was founded in 1987 and is based in Wendlingen, Germany.

Buy -

Seller(S) 2

SELLER

VR Equitypartner

Frankfurt, Germany

Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 570M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

VR Equitypartner is a generalist private equity firm that provides equity and mezzanine financing to companies in Germany, Austria, and Switzerland. VR does not have any sector preferences and targets medium sized business with at least €20 million in revenues. VR seeks stable businesses with strong growth prospects and experienced management. For both equity and mezzanine needs, the Firm looks to invest €1.5 to €15 million per transaction. VR was formed in 1970 and based in Frankfurt.


DEAL STATS #
Overall 9 of 18
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 7
Country: Germany M&A 8 of 16
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 evolit

Vienna, Austria

evolit is an IT service provider specializing in the areas of mobility, infrastructure, and digitization. The core business includes the development and sale of technically highly complex software solutions that serve individual customer needs and meet the highest tailor-made demands. The areas of application include, for example, ticketing and travel information systems, asset management, fleet management, logistics control, or vehicle inspection. The service portfolio spans the entire IT lifecycle, from consulting and software development to operation and maintenance, and covers all common software tools, programming languages ​​and systems. evolit was founded in 2011 and is based in Vienna, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 ASH

Bonn, Germany

ASH is an operator of a restaurant chain. ASH is based in Bonn, Germany.

Buy -
SELLER

Süd Beteiligungen

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1970
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Süd Beteiligungen is a subsidiary of Landesbank Baden-Württemberg and is a direct investor in small to mid-sized companies operating throughout German speaking Europe. Süd Beteiligungen is a generalist investor and will consider companies at all stages of development. Süd Beteiligungen is headquartered in Stuttgart.


DEAL STATS #
Overall 2 of 3
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Germany M&A 2 of 3
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-31 KKL Klimatechnik-Vertriebs

Dusseldorf, Germany

KKL Klimatechnik-Vertriebs is a service provider in the field of refrigeration and air conditioning technology and has special expertise in the air conditioning of data centers, but also serves commercial and private customers. KKL Klimatechnik-Vertriebs was established in 1987 and is based in Dusseldorf, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 Fischer Panda

Paderborn, Germany

Fischer Panda is a premium manufacturer of mobile power generators, hybrid and electric drive systems as well as complete mobile energy supply systems. The system solutions are mainly used in yachts, boats, and special vehicles and are known worldwide for their innovative, reliable, compact, and extremely quiet properties. Fischer Panda was formed in 1977 and is based in Paderborn, Germany.

Buy -