Sale to an affiliate of Sun European Partners, LLP

Industrial
Sale to an affiliate of Sun European Partners, LLP

Summary

Baird served as the exclusive financial advisor to the shareholders of Allied Glass Containers Ltd on this transaction

About

Allied Glass Containers Ltd (“Allied” or the “Company”), a portfolio company of CBPE Capital LLP (“CBPE”), was recently acquired by an affiliate of Sun European Partners, LLP (“Sun European”) and Allied management. Terms of the transaction were not disclosed.

Allied is the United Kingdom’s leading manufacturer of glass packaging containers for the premium spirits and food & drinks markets. With two manufacturing facilities and a dedicated decoration centre in Yorkshire, Allied is focused on the short and medium production run segment of the premium market which values flexibility, a collaborative approach to innovation and the highest technical standards. The Company’s ability to partner with customers to undertake innovative prototyping work to support successful product redesigns and new product launches has seen Allied benefit from the high growth craft gin segment. Over the last three years, the business has doubled its customer base to over 260 customers and delivered sales growth of 13% per annum. Allied’s legal parent company is Project Aqua Topco Limited, which was controlled by funds managed by CBPE and management. Allied is headquartered in Leeds, the United Kingdom.

CBPE is a leading private equity firm with nine funds raised over 30 years. CBPE is currently investing its latest fund, which closed in August 2016 at £459 million. Investments are typically made in companies seeking growth or development capital, with an enterprise value of up to £150 million. CBPE is headquartered in London, the United Kingdom.

Sun European is a leading private investment advisory firm, focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun European is recognised for its investment and operational experience, including particular expertise in business and consumer services, healthcare, industrial and consumer sectors. Since 1995, affiliates of Sun European have invested in more than 375 companies worldwide across a broad range of industries and transaction structures with turnover of approximately €40 billion. Sun European is headquartered in London, the United Kingdom with affiliate offices in Boca Raton, Los Angeles and New York.
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Industrial
Sale to an affiliate of Sun European Partners, LLP
Date
January 2020
Company
Allied Glass Containers Ltd
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
Europe

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