M&A Deal Summary

The Blackstone Group Acquires Gerresheimer

On December 1, 2004, private equity firm The Blackstone Group acquired packaging company Gerresheimer from Investcorp for 704M USD

Acquisition Highlights
  • This is The Blackstone Group’s 2nd transaction in the Packaging sector.
  • This is The Blackstone Group’s 125th largest (disclosed) transaction.
  • This is The Blackstone Group’s 4th transaction in Germany.
Investment Fate
  • Gerresheimer went public in 2007.

M&A Deal Summary

Date 2004-12-01
Target Gerresheimer
Sector Packaging
Buyer(s) The Blackstone Group
Sellers(s) Investcorp
Deal Type Secondary Buyout
Deal Value 704M USD

Target

Gerresheimer

Dusseldorf, Germany
Gerresheimer is an international packaging and systems solutions specialist, particularly in the pharmaceutical and cosmetic industries. Gerresheimer was founded in 1864 and is based in Dusseldorf, Germany.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 394.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.


DEAL STATS #
Overall 79 of 365
Sector: Packaging M&A 2 of 4
Type: Secondary Buyout M&A Deals 5 of 90
Country: Germany M&A 4 of 11
Year: 2004 M&A 13 of 13
Size (of disclosed) 125 of 185
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-01 New Skies Satellites N.V.

The Hague, Netherlands

New Skies Satellites is one of only four fixed satellite communications companies with truly global satellite coverage, offering video, data, voice and Internet communications services to a range of telecommunications carriers, broadcasters, large corporations, Internet service providers and government entities around the world.

Buy $908M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Carmel Valley Ranch

Carmel-By-The-Sea, California, United States

Carmel Valley Ranch is a luxurious Carmel hotel tucked away in the lush forests of the Santa Lucia Mountains. Carmel Valley Ranch is based in Carmel-By-The-Sea, California.

Buy -

Seller(S) 1

SELLER

Investcorp

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 53.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Investcorp is a global investment group focused on a variety of investment disciplines. Practice areas include private equity in North America and Western Europe, hedge funds, US real estate, technology investments, and Middle Eastern private equity. Within North America/Europe private equity, Investcorp targets market leaders with proven track records. It looks to invest $15 to $50 million in companies with revenues of $10 to $250 million. Investcorp's technology group sponsors growth-oriented control investments in the tech sector. Investcorp's Middle East practice focuses on buyout/build opportunities in North Africa and the Gulf Region. Target sectors include services, infrastructure, manufacturing, and energy. Investcorp was formed in 1982 and is based in Manama, Bahrain.


DEAL STATS #
Overall 23 of 111
Sector: Packaging M&A 1 of 2
Type: Secondary Buyout M&A Deals 5 of 37
Country: Germany M&A 1 of 8
Year: 2004 M&A 7 of 8
Size (of disclosed) 8 of 45
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-17 ECI Conference Call Services

Wayne, New Jersey, United States

ECI Conference Call Services LLC was a provider of high quality dedicated conference services in the US.

Sell $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-06 PlayPower

Huntersville, North Carolina, United States

PlayPower is a manufacturer of commercial playground systems and recreational equipment. With operations in both the US and Europe, the Company manufactures and markets a wide range of innovative products including commercial playground equipment, floating docks and boat/personal watercraft lifts, contained play systems, site amenities, and other related products. PlayPower is based in Huntersville, North Carolina.

Sell -