Investment in Weener Plastic Packaging Group
Baird served as the exclusive financial advisor to 3i Group on this transaction.
About3i Group Plc (“3i”) (LSE: III) recently invested approximately €250 million (c. £183million) in Weener Plastic Packaging Group (“the Company” or “WPPG”). The former shareholder Lindsay Goldberg Vogel has sold its stake in WPPG. Terms of the transaction were not disclosed.
WPPG designs, develops and manufactures added value caps, closures, roll-on balls, jars and bottles for the personal care, food and beverage, and home care market. The Company operates in close proximity to its customers with a production network of 24 locations in 15 countries and approximately 2,000 employees across the world. WPPG supplies a well-balanced customer portfolio with names such as Beiersdorf, Colgate-Palmolive, L’Oréal, Nestlé, P&G and Unilever. Weener Plastic Packaging Group is headquartered in Weener, Germany.
3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management across Europe, Asia and North America. It has approximately £13 billion of assets under management, of which over £3.8bn is invested through its private equity business. 3i is a Financial Times Stock Exchange 100 company and is headquartered in London, United Kingdom.
For additional information about this transaction, please contact:
- June 2015
- 3i Group plc
- Target Location
- Acquiror Location