M&A Deal Summary

RPC Group Acquires ESE World B.V.

On December 15, 2016, RPC Group acquired plastics company ESE World B.V. from Stirling Square Capital Partners and Nordic Mezzanine for 263M EUR

Acquisition Highlights
  • This is RPC Group’s 6th transaction in the Plastics sector.
  • This is RPC Group’s 4th largest (disclosed) transaction.
  • This is RPC Group’s 3rd transaction in the Netherlands.

M&A Deal Summary

Date 2016-12-15
Target ESE World B.V.
Sector Plastics
Buyer(s) RPC Group
Sellers(s) Stirling Square Capital Partners
Nordic Mezzanine
Deal Type Add-on Acquisition
Deal Value 263M EUR

Target

ESE World B.V.

Maastricht, Netherlands
ESE World B.V. is a manufacturer of plastic waste collection containers. Its product portfolio includes a broad range of 2-wheel and 4-wheel waste containers, collection banks and innovative underground waste collection systems. ESE World B.V. is based in Maastricht, Netherlands.

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Buyer(S) 1

Buyer

RPC Group

Rushden, United Kingdom

Category Company
Founded 1991
Sector Plastics
Employees18,358
Revenue 1.6B GBP (2016)
DESCRIPTION

RPC Group Ltd. engages in the manufacture and sale of rigid plastic packaging and associated equipment primarily in the United Kingdom, Germany, France, the United States, and Mainland Europe. RPC Group was formed in 1991 and is based in Rushden, United Kingdom.


DEAL STATS #
Overall 12 of 15
Sector (Plastics) 6 of 9
Type (Add-on Acquisition) 10 of 13
Country (Netherlands) 3 of 3
Year (2016) 4 of 4
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-15 AstraPak

Johannesburg, South Africa

AstraPak Ltd. is a provider in the design, development, technology and manufacturing of moulded, formed and rigid plastic packaging products. It has two segments: Flexibles, which manufactures high-density polyethylene films, low-density single-and multi-layered films, plain and printed films, co-extruded film, blown film, film for pallet stretch wrap, industrial pallet shrink shroud, shade netting and reinforcing materials for concrete, and Rigids, which manufactures plastic closures for rigid containers and jars, clear packaging containers, industrial cores, tubes and composite cans, paper edgeboard used for pallet stabilisation, and blow-moulding and decoration of rigid plastic containers and jars.

Buy R1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-09 Letica

Rochester, Michigan, United States

Letica Corp. is a North American manufacturer and distributor of rigid plastic packaging and foodservice products serving building and construction, foodservice, food, chemical and retail end markets. Letica operates a wide range of production processes, including injection moulding, thermoforming, paper forming and sheet extrusion, and has an in-house design centre with high-quality printing, decorating and labelling capabilities. Letica has built longstanding relationships with leading, blue-chip customers in a range of attractive and resilient end markets.

Buy $640M

Seller(S) 2

SELLER

Stirling Square Capital Partners

London, United Kingdom

Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 3.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Stirling Square Capital Partners is a private equity firm focused on control investments in mid-market businesses across Europe. Stirling looks for companies that offer potential for operational improvement and growth through organic expansion and cross border acquisitions. Targets companies are generally valued between €50 and €500 million. Sectors of interest include consumer and industrial products, business services, media and communications, pharmaceuticals/healthcare, and mature technology. Stirling Square Capital Partners was formed in 2002 and is located in London.


DEAL STATS #
Overall 9 of 15
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 2 of 4
Country (Netherlands) 3 of 3
Year (2016) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Itelyum

Lodi, Italy

Itelyum is a regeneration of waste oil, purification of chemical and oil streams, and responsible management of a wide range of industrial waste. Itelyum was founded in 1963 and is based in Lodi, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 AD Industries

Brive-la-Gaillarde, France

AD Industries is a manufacturer of complex, critical sub-assemblies and components for the aerospace, defense, and energy markets. AD Industries was founded in 2004 and is based in Brive-la-Gaillarde, France.

Buy -
SELLER

Nordic Mezzanine

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 480M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Nordic Mezzanine is an independent provider of mezzanine financing for buyouts, growth capital needs, and capital restructurings. Nordic will consider opportunities in a broad range of industry sectors and generally looks to invest in Scandinavia, Germany, Austria, Switzerland, the Netherlands and Belgium. The Firm's target investment size is €10 to €40 million. Nordic Mezzanine was formed in 1999 and is based in Helsinki with an additional office in London.


DEAL STATS #
Overall 15 of 26
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 6 of 11
Country (Netherlands) 2 of 4
Year (2016) 2 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 time:matters

Neu-Isenburg, Germany

time:matters GmbH is a logistics company, that offers customized logistics solutions for impossible and complex logistics solutions. time:matters GmbH was established in 2002 and is based in Neu-Isenburg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Novagraaf B.V.

Amsterdam, Netherlands

Novagraaf B.V. is an intellectual property services provider, offering a broad range of consultancy and registration services for trademarks, patents, and other intellectual property rights. Novagraaf B.V. is based in Amsterdam, Netherlands.

Sell -