M&A Deal Summary

RPC Group Acquires Global Closure Systems

On December 14, 2015, RPC Group acquired plastics company Global Closure Systems from PAI Partners for 650M EUR

Acquisition Highlights
  • This is RPC Group’s 3rd transaction in the Plastics sector.
  • This is RPC Group’s largest (disclosed) transaction.
  • This is RPC Group’s 1st transaction in France.

M&A Deal Summary

Date 2015-12-14
Target Global Closure Systems
Sector Plastics
Buyer(s) RPC Group
Sellers(s) PAI Partners
Deal Type Add-on Acquisition
Deal Value 650M EUR

Target

Global Closure Systems

Paris, France
Global Closure Systems Ltd. is a designer and manufacturer of plastics closures for consumer packaging offering a wide range of stock and custom designs and also producing a number of aluminium closures used for spirits and water packaging; over 38 billion closures are produced annually.

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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 8 of 15
Sector (Plastics) 3 of 9
Type (Add-on Acquisition) 6 of 13
Country (France) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-27 Promens Group B.V.

Zevenaar, Netherlands

Promens Group B.V. is an European manufacturer of rigid plastic packaging products and rigid plastic components, with a growing platform in emerging markets. Promens uses a range of moulding technologies in its production processes including several niche technologies. Promens’ manufacturing footprint comprises 40 facilities of which 35 are located in Europe.

Buy €386M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 British Polythene Industries

Greenock, United Kingdom

British Polythene Industries PLC is a manufacturer and supplier of polythene films for a diverse range of end markets, including agriculture and horticulture, construction, industrial, healthcare and waste services, and retail food and non-food.

Buy €261M

Seller(S) 1

SELLER

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 29 of 50
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 14 of 18
Country (France) 16 of 24
Year (2015) 4 of 4
Size (of disclosed) 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 Hunkemöller

Hilversum, Netherlands

Hunkemöller is an operator of lingerie specialists in Europe with stores in the Benelux countries, as well as Germany. Hunkemöller designs, sources and distributes lingerie through its store network. Hunkemöller was founded in 1886 and is based in Hilversum, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-01 Groupe B&B Hotels Sas

Cedex, France

Groupe B&B Hotels Sas is a budget hotels chain in Europe operating a network of more than 486 budget hotels, across 12 countries with a total of 42,832 rooms. B&B is at the "high-end" of the budget hotel segment, offering high quality at a competitive price, to meet the needs of both business and leisure travelers.

Buy -