M&A Deal Summary

Tekni-Plex Acquires Grupo Phoenix

On June 30, 2021, Tekni-Plex acquired packaging company Grupo Phoenix from One Equity Partners

Acquisition Highlights
  • This is Tekni-Plex’s 8th transaction in the Packaging sector.
  • This is Tekni-Plex’s 1st transaction in Colombia.

M&A Deal Summary

Date 2021-06-30
Target Grupo Phoenix
Sector Packaging
Buyer(s) Tekni-Plex
Sellers(s) One Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Moelis & Co. (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Grupo Phoenix

Bogotá , Colombia
Grupo Phoenix is a manufacturer of rigid packaging containers for the global food and beverage industry. Grupo Phoenix is based in Bogotá, Columbia.

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Buyer(S) 1

Buyer

Tekni-Plex

Wayne, Pennsylvania, United States

Category Company
Founded 1967
Sector Packaging
Revenue 655M USD (2012)
DESCRIPTION

Tekni-Plex is a globally-integrated company focused on developing and manufacturing innovative packaging materials, medical compounds and precision-crafted medical tubing solutions for some of the most well-known names in the medical, pharmaceutical, personal care, household and industrial, and food and beverage industries. Tekni-Plex was founded in 1967 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 9 of 13
Sector: Packaging M&A 8 of 10
Type: Add-on Acquisition M&A Deals 7 of 11
Country: Colombia M&A 1 of 1
Year: 2021 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-02 Lameplast

Novi di Modena, Italy

Lameplast SpA is a manufacturer of plastic single/multi-dose containers for pharmaceutical, diagnostic, medical device, veterinary and cosmetic applications, with an emphasis on ophthalmic, vaccine, vaginal and rectal applications. Lameplast is also known for its injection molding, blow molding and injection blow molding expertise which enables it to produce custom packaging solutions for demanding applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 M-Industries

Ada, Michigan, United States

M-Industries is a provider of container vented lining technology that allows sealed packages to regulate internal pressure, thereby preventing container failure such as paneling, bloating, and leakage caused by e-commerce, active ingredients, rapid altitude, or temperature changes, and/or manufacturing methods. M-Industries was founded in 2011 and is based in Ada, Michigan.

Buy -

Seller(S) 1

SELLER

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 50 of 67
Sector: Packaging M&A 3 of 4
Type: Add-on Acquisition M&A Deals 30 of 37
Country: Colombia M&A 1 of 1
Year: 2021 M&A 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-25 PS Logistics

Birmingham, Alabama, United States

PS Logistics is a full-service logistics solution provider with over 2000 flatbed assets, vans, step decks/RGN's, brokerage division, transportation management and 3PL, and dedicated fleet operations. PS Logistics is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 OneLink

Edificio Cocopat, Guatemala

OneLink is a provider of business process outsourcing (BPO) services. OneLink serves North and Latin American clients in the consumer, telecom, technology, and travel and leisure sectors from 12 state-of-the-art delivery centers in El Salvador, Nicaragua, Colombia, and Guatemala. The Company’s 8,000-plus employees provide an integrated portfolio of BPO services, including customer relationship management, sales, technical support, finance and accounting, logistics, supply chain, and other back-office services. OneLink based in Edificio Cocopat, Guatemala.

Sell -