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M&A Deal Summary

Peninsula Packaging Acquires Blue Star Group

On January 1, 2024, Peninsula Packaging acquired business services company Blue Star Group from Mercury Capital

Acquisition Highlights
  • This is Peninsula Packaging’s 1st transaction in the Business Services sector.
  • This is Peninsula Packaging’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2024-01-01
Target Blue Star Group
Sector Business Services
Buyer(s) Peninsula Packaging
Sellers(s) Mercury Capital
Deal Type Add-on Acquisition

Target

Blue Star Group

Auckland, New Zealand
Blue Star Group (New Zealand) is a service commercial printing company, providing solutions across web offset, sheet-fed and digital printing and associated services. They offer a retail consumer channel, where print can be ordered online, using bluestardirect. Blue Star Group (New Zealand) is based in Auckland, New Zealand.

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Buyer(S) 1

Buyer

Peninsula Packaging

Exeter, California, United States
Category Company
Founded 2002
Sector Packaging
Revenue 190M USD (2016)
DESCRIPTION

Peninsula Packaging Co. is a provider of custom thermoformed plastic packaging products targeting higher growth segments of the fresh produce and bakery markets. Peninsula Packaging has a fully integrated operating platform, which includes extrusion, thermoforming and labeling at its two production facilities located in Exeter, California and Wilson, North Carolina.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (New Zealand) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-13 Packaging Plus - Agricultural Thermoforming Division

United States

Packaging Plus - Agricultural Thermoforming Division owns and operates thermoforming plants and is located in Yakima, Washington and Hollister, California.

Buy -

Seller(S) 1

SELLER

Mercury Capital

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mercury Capital is a private equity group focused on investing in established private businesses operating in Australia and New Zealand. Mercury looks to acquire controlling positions for a variety of situations, including succession plannings, expansion financings, recapitalizations, as well as partnering with existing management or owners to help drive growth. Mercury raised it's debut fund in 2010.

DEAL STATS #
Overall 7 of 7
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
Country (New Zealand) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 Matrix Education

Sydney, Australia

Matrix Education is a private education business that provides out-of-school tutoring classes to more than 7,000 school students per year across five Sydney campuses and via an online learning platform, Matrix+. Matrix Education was founded in 1999 and is based in Sydney, New South Wales.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Fyfe

Adelaide, Australia

Fyfe is a multi-disciplinary professional services firm providing integrated engineering, environment, planning and survey consulting services to a diverse mix of high-quality clients. Fyfe was founded in 1982 and is based in Adelaide, South Australia.

Buy -
Mergr

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