M&A Deal Summary

Smurfit Kappa Group Acquires Parenco & Reparco

On May 24, 2018, Smurfit Kappa Group acquired forest products company Parenco & Reparco from H2 Equity Partners

Acquisition Highlights
  • This is Smurfit Kappa Group’s 1st transaction in the Forest Products sector.
  • This is Smurfit Kappa Group’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2018-05-24
Target Parenco & Reparco
Sector Forest Products
Buyer(s) Smurfit Kappa Group
Sellers(s) H2 Equity Partners
Deal Type Add-on Acquisition

Target

Parenco & Reparco

Renkum, Netherlands
Parenco & Reparco is a producer of SC-B is waste paper. Parenco & Reparco is based in Renkum, Netherlands.

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Buyer(S) 1

Buyer

Smurfit Kappa Group

Dublin, Ireland

Category Company
Founded 1934
Sector Packaging
Employees48,000
Revenue 10.1B EUR (2021)
DESCRIPTION

Smurfit Kappa Group is a producer of paper-based packaging. Company manufacture paper-based packaging, with our locations supported by a network of paper, recycling and forestry operations. Smurfit Kappa Group was founded in 1934 and is based in Dublin, Ireland. Smurfit Kappa Group was founded in 1934 and is based in Dublin, Ireland.


DEAL STATS #
Overall 13 of 13
Sector: Forest Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
Country: Netherlands M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 Soyuz

Moscow, Russia

Soyuz is a producer of corrugated packaging for a range of sectors. Soyuz was established in 1925 and is based in Moscow, Russia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Baden Board

Gernsbach, Germany

Baden Board comprises both a mill and board conversion plant. The mill produces recycled carton board and the conversion plant manufactures folding board boxes. The white line chipboard commodity grade produced is not a core paper grade for Smurfit Kappa and this has been a key factor in the decision to sell. The Baden mill produces 152,000 tons of board which is used to create primary packaging for a variety of products and the conversion facility converts 64m sqm of board annually. Baden Board is based in Gernsbach, Germany.

Sell -

Seller(S) 1

SELLER

H2 Equity Partners

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION
H2 Equity Partners' Amsterdam headquarters.
H2 Equity Partners' Amsterdam headquarters.

H2 Equity Partners is an independent private equity group focused on mid-sized turnaround-and-growth investments in the Benelux, Germany, and the UK. H2 looks for businesses facing operational, financial and/or managerial challenges, or sectors 'poised for consolidation'. H2 is a generalist investor, with no specific areas of interest. However, in the past, the firm has targeted opportunities in paper/board, steel, healthcare, media/communications, building products, consumer products, and fashion. H2 can invest in the rang of €5 to €25 million per transaction. H2 Equity Partners was formed in 1991 and has offices in Amsterdam, Munich, and London.


DEAL STATS #
Overall 23 of 37
Sector: Forest Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 21
Country: Netherlands M&A 15 of 23
Year: 2018 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 HALEX Holding

Aldenhoven, Germany

HALEX Holding GmbH is a manufacturer of extrusion dies for the aluminum manufacturing industry. HALEX Holding is based in Aldenhoven, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-08 Cadogan Tate

London, United Kingdom

Cadogan Tate is an international premium storage, moving and shipping group specializing in fine art and other valuable possessions. Cadogan Tate was founded in 1977 and is based in London, United Kingdom.

Buy -